Cisco to invest US$100m in India's digital push
[NEW DELHI] Cisco Systems Inc will invest over US$100 million in India to support the country's ambitious plan to connect thousands of its villages to the internet and create jobs, Executive Chairman John Chambers said on Friday.
India's Prime Minister Narendra Modi has launched a series of initiatives under the 'Digital India,' 'Skill India,' and 'Startup India' schemes to connect millions of Indians to the Internet, create more tech jobs and move more services online.
Chambers said the company will work with federal and provincial governments in India to launch incubation centers for entrepreneurs and training students.
Cisco will invest US$40 million of the total planned investment into funding early and mid-stage startups.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat