Cisco to invest Rs. 400 crore in India

US-based information technology company Cisco Systems recently said it would invest $20 million (Rs. 127 crore), directly or indirectly, over the next five years in the 'Cisco Networking Academy' to train students.

The company will also spend $40 million (Rs. 255 crore) for the next phase of expansion in its India centres by March 2016.

Cisco spends around $1.7 billion every year in India, including $250 million on research and development. However, the country contributes only $1.1 billion to its global revenues of $48.6 billion.

HBL