Cisco to invest $ 20 million in India–opens a R&D center in Bangalore

By : |June 24, 1999 0

Cisco Systems, Inc. has announced a major market expansion
in India that will include an increase in the company’s Indian staff strength expanding
headcount by over 250% in the next one and a half years. A Global Engineering Development
Center and further R&D activity will take place in Bangalore. The company also
announced the opening of a Global Engineering Development/R&D Center in Bangalore.
This center will complement extensive development agreements already in place with local
partners.

The center will conduct development and testing of Cisco
IOS software (the common platform that transforms a network into a mission-critical
resource and delivers best-of-breed functionality to build scalable networks), network
management software, ASICs, and other technologies like ATM and VOIP (voice over Internet
Protocol) in Bangalore.

The company’s representative office status will be
converted to a wholly-owned subsidiary, Cisco Systems India Private Limited
(CSIPL). The
first phase of the expansion plan will involve investments of over $US 20 million.

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"The Internet market in India is developing very
rapidly and we have been extremely impressed with the rate of growth that the market has
seen in the last several quarters. We are making these investments because Cisco believes
that the market will continue to expand dramatically as the telecommunications and
Internet Service Provider (ISP) markets are further deregulated," said Todd Abbott,
Managing Director for Asia, Cisco Systems.

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