Announces Additional $100 Million Venture Capital Funding to Expand Investments in Early-Stage Indian Companies
BANGALORE, India - October 31, 2007 - Cisco® today unveiled its state-of-the-art Globalisation Centre East campus in Bangalore at an opening ceremony presided over by former Indian President Dr. A. P. J. Abdul Kalam and John Chambers, Cisco chairman and CEO.
Cisco also announced that it is extending venture investment initiative in India by another $100 million to drive growth with high-potential Indian companies This venture investment in India is consistent with Cisco's long track record of driving growth in the information technology (IT) market through investment in the innovation economy. In 2005, Cisco designated an initial $100 million in venture funding for this purpose as part of its overall $1.1bn investment plan for India.
Source: Cisco
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