India is set to become Cisco’s one of the top four markets in the next few years thanks to strong growth in government and enterprise business.
The US-based networking giant has already over $1 billion in revenue from India with the number of employees at around 11,000.
The firm, which is valued $49 billion, considers India as its second headquarters.
“If you look at our performance over the last couple of years, our business is over $1 billion in India. Last year, it grew over 20 per cent,” Cisco CEO Chuck Robbins told PTI.
He also reportedly told that the company has investment plans and projects for India on the pipeline. Besides India, Cisco has strong market presence in the U.S., Japan and China.
Dinesh Malkani, Cisco President India and SAARC, predicts that India would be in the third or fourth position in terms of revenue in the coming years.
In March, Cisco announced $100 million investment plan for India, where professionals from select states will get skill development through innovation labs and research labs.
Also, the company is actively involved in the nation’s Digital India initiative. It has ongoing projects in Hyderabad, Nagpur and Maharashtra.
Cisco will set up nearly 25 Cisco Networking Academies to train approximately 10,000 students in Maharashtra by 2020. Across 186 academies, nationwide, more than 122,000 students have been trained since its inception.
The company reported global revenue of $12.6 billion for the quarter ended July 30. Cisco’s India operations have been growing continuously for the ninth quarter.