Monday, March 21, 2016

Cisco Plans $100M Investment In India

Cisco said over the weekend that it plans to invest over $100M in the country of India, including $40M for early stage and growth stage funding. According to Cisco, the strategic investments are part of an effort to "accelerate country digitization" in India. Cisco said it is looking to make major, strategic investments in countries around the world, to accelerate government goals to driving economic growth through high tech innovation. The deal also includes the creation of 6 "innovation labs", and 3 "centers of expertise" in India, plus collaboration with local universities.