Cisco pumps in $800 million for R&D centre

Cisco pumps in $800 million for R&D centre
Deccan Herald

Global networking major, Cisco, will invest US $800 million on setting up a research and development centre in Bangalore.

Announcing this to reporters on Saturday during the wrap-up session of the four-day international event Bangalore IT.In, IT and BT secretary M K Shankaralinge Gowda, said this was a part of US $1.1 billion investment in India already announced by Chief Executive Officer and President John Chambers a few days ago.

While US $750 million would be spent on R&D, the remaining $50 million would be used for development of the campus.