Cisco to invest $1.1B in India over next 3 years

Cisco plans to expand its Asian presence by investing $1.1 billion into India over the next three years. The company predicts that about $750 million of its investment will be spent on research and development, including training, development and staffing. Cisco will triple the 1,400 workers it already employs in India. The rest of the money will provide leasing and other financial services to Cisco's customers, investing in small firms and customer support operations. Cisco is forecasting a 30 percent surge in annual growth in Indian revenues over the three-year period.

For more on Cisco's investment in India:
- check out this article from the BBC