Cisco Bets On Indian Talent To Expand Global Operations
Cisco is betting on India's engineering talent to make its subsidiary here a hub for expanding its business worldwide.
Cisco Systems is betting on India's engineering talent to make its subsidiary here a hub for expanding its business worldwide.
"It is not low-cost or labour arbitrage but India's best and brightest engineering talent pool that made us locate our largest research and development (R&D) facility outside the US here (Bangalore) and groom a quarter of our next-generation leaders from the sub-continent," said Cisco chairman and chief executive officer John Chambers.
Chambers said that besides talent, converging technologies, a rapidly-growing economy and a huge market for networking products and services have made the global firm invest in human capital in India.
"Our decision to invest an additional $100 million in Indian start-ups and smart firms as venture capital is aimed at stimulating local entrepreneurship and facilitate innovation to make India a global hub for next-generation products and solutions in the networking arena," Chambers said.
"The India centre will be at the heart of our globalisation vision and a platform to tap the potential in the emerging markets, with disruptive technologies such as Web 2.0, IP (Internet Protocol) phone and Tele-Presence, which connects people in different locations to see and talk to each other in a virtual environment," Chambers pointed out.
Cisco's chief globalisation head Wim Elfrink said the India centre would also develop products and services required for its customers in the Asia-Pacific region.
"We have created a collaborative work environment at this India centre to attract and retain top talent. Collaborative technologies such as Tele-Presence will help us to scale our support services across the emerging markets, keeping in view the changing business models of our customers and partners," Elfrink noted.
Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply
The right energy policies could ensure the historic opportunity to make 2019 the definitive peak in global emissions, is not wasted, experts said.
Both countries have a lot to gain from climate cooperation, as they face similar challenges like curbing pollution and safeguarding the glaciers that feed their rivers.
Apple reportedly shipped 12.9 million units of Watch Series 6 and Watch SE in 2020.