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Cisco to invest Rs. 400 crore in India

 Cisco to invest Rs. 400 crore in India

US-based information technology company Cisco Systems on Thursday 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.

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