One of the biggest technology companies Cisco has announced that it is stepping up investments in the Indian market. This is being done as part of the second phase of its ‘Country Digital Acceleration’ (CDA) programme.
With this, the company will focus on accelerating innovation and entrepreneurship, 5G use cases for citizen services as well as transportation modernization. Cisco claims that India is among its few markets where the company has made the second round of investment as part of its CDA programme.
“India is an important market for us. While we are not disclosing the amount we would be investing, it is clear that we are betting on India as a key market. We are adding four more states to our existing initiatives towards areas like innovation, smart cities. We have also signed agreements with Niti Aayog and Bharat Sanchar Nigam Ltd (BSNL),” Cisco CEO Chuck Robbins said.
Earlier, the company invested $100 million in the first phase of CDA, where it has completed about 50 projects. The current set of investments will focus on fostering innovation and entrepreneurship.