Cisco's Chambers Bullish On Wireless In India

Cisco Systems (CSCO) CEO John Chambers is headed to India and in an email interview with he outlined the progress made by Cisco in India:

* Cisco sales in India are over $1 billion. Chambers is bullish about prospects of wireless in India. (It might also explain why the company snapped up WiMAX vendor Navini Networks for $330 million.)

There is a potential to leapfrog technology in the developing world that is very different from the developed world; it is an exciting market for us.

* Cisco has earmarked $1.1 billion in investment in India. $750 million is going to “R&D activities, training, and development and expanding relationships with strategic partners in India.”

* Of the $150 million earmarked for VC investments, $100 million has been already invested. Investments include and Nimbus.

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