Cisco To Increase India Headcount To 10k By 2010

Cisco, networking major, is firming its $1.1-billion investment plans announced in 2005 and on tripling its headcount in the country. Cisco plans to beef up its India employee base to 10,000 by 2010.Speaking about the $1.1-billion investment in India. Cisco''s $1.1-billion investment in India includes a $750-million investment in R&D activities, training and development by 2008. It''s also earmarked $150-million for a fund to be deployed by Cisco Systems Capital, $100-million for venture capital investments in India, $50 million for a new campus in Bangalore and $100-million for customer support operations. Cisco currently has 3,200 employees in India, of which 3,000 are engaged in R&D. The company has also set a target of developing 20% of its top leadership team in India by 2012.