Cisco Systems announces $20 million investment in Indian subsidiary

By : |June 24, 1999 0

Networking major Cisco Systems Inc announced a major market expansion
plan for India. This includes opening a Global Engineering
Development/R&D center in Bangalore and consequently increasing staff
headcount by over 250 percent in the next 12 to 18 months. Cisco is also
converting the company’s representative office in India into a wholly
owned subsidiary-Cisco Systems India Pvt Ltd. The entire plan will involve
investments of over $20 million.

“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 ISP markets are deregulated,” said Todd
Abbott, Managing Director (Asia), Cisco Systems.

The development center in Bangalore, the first such center in Asia, will
be involved in development and testing of Cisco IOS and network management
software, ASICs and other technologies like ATM and VOIP.

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Informatics announces Oracle Education Career Program
Edutech Informatics (India) Pvt Ltd, a joint venture with Singapore-based
Informatics Group, has announced the availability of the Oracle Education
Career Program (OECP) at its recently launched New Delhi center apart from
centers in Mumbai, Hyderabad and Chennai.

Edutech Informatics was recently appointed education partner by Oracle
Software India Ltd. The minister for education, power and industry,
government of Delhi, Narender Nath, inaugurated the course. The OECP is a
45-day, six hours a day program which can be taken part time. The program
covers a wide range of modules and includes a 12-day project to reinforce
classroom learning. Certification for the course is administered by Sylvan
Prometric.

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