‘Make in India’: Cisco to invest $2 billion this year

‘Make in India’: Cisco to invest $2 billion this year

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US technology giant Cisco said that it is committed towards manufacturing in India and will invest $2 billion in the country this year. 

The company, which pumps in $1.7 billion every year, will invest additional $60 million in India on training and facility expansion. 

"We are investing big in India. We are committing manufacturing in India. We need to skill people here for the jobs. We plan to directly and indirectly invest up to $20 million to train additional 1,20,000 students by 2020," Cisco Systems chairman and CEO John T Chambers said here.