We will increase our headcount in India from 3,200 employees at present to 10,000 by 2010. Also, we will move 20% of our top talent in every function to India by 2012, said Chambers on the inauguration of the 3rd Annual India Public Sector Summit on e-governance, hosted jointly by Cisco and the National Institute for Smart Government.
In October 2005, Cisco had announced an investment of $1.1 billion in India for the next 2-3 years. Of this, $750 million is targeted at research and development, $150 million towards Cisco Capital, $100 million each for venture capital and customer support.
Chambers said the investment is on track. About $50 million of this investment was committed for setting up a campus called Globalisation Centre East in Bangalore.
The campus will be inaugurated on Tuesday, and will have a capacity of about 3,000 people.
The Cisco chief also said that a highly skilled workforce, worldwide partners, supportive government, innovative customers, global capability and partnership culture is the strength of India. During his visit, he will be meeting Prime Minister
Manmohan Singh and commerce and industry minister Kamal Nath.
Effective collaboration with government and the development of universal broadband access lies at the heart of Ciscos strategy to support transformation of public services and drive socio-economic change across nations. The network truly can provide the platform for leading this transformation, he added.