With over $1 billion in revenue already, India is poised to become one of the top four markets for technology giant Cisco in the next few years on the back of strong growth in Government and enterprise business.
The $49-billion firm, which has some 11,000 employees in India, counts the South Asian nation as its second headquarter after the US.
“If you look at our business performance over the last couple of years, our business is over a USD 1 billion in India. last year, it grew over 20 per cent,” Cisco CEO Chuck Robbins told the news agency.
He added that the company will continue to invest and launch new projects in India.
“India is already among our top five markets, absolutely. There are different ways to look at it,” he said. Cisco’s leading markets include the US, Japan and China.
Cisco President India and SAARC Dinesh Malkani added: “In the next few years, we should be top 3 or 4 (in terms of revenue).”
Asked if this could be achieved before 2020, Malkani replied in the affirmative.
In March, Cisco had committed $100 million to be spent over 18-24 months, including $40 million to fund early-stage and growth-stage companies in the country, and train around 2.5 lakh students by 2020.
The US-based company has recently announced that it will commence manufacturing operations in Pune early next year, making India the 12th country after the likes of the US, Mexico, China, Brazil and Malaysia to house a production unit.