$100 Million To Be Invested By Cisco To Accelerate Digitization In India

Digital India scheme is a very big dream of the nation. With automation taking up about all aspects of technology, Digitization is becoming very important in all areas. India is moving forward with its dream of having cashless transaction system. This digitization will help the country eradicate corruption in all forms. The country is now partnering with Cisco to take the vision forward.

Cisco and Digitization

Recently, Cisco announced various strategic investments of over US $100 Million for acceleration of the process of digitization in the country. Dinesh Malkani, Irving Tan, and John Chambers, in charge of Cisco India, announced the future initiatives and stated that $40 million. And that they would pump it into India for helping growth-stage and early-stage Companies in India. It would also include training 250,000 students in India by the year 2020.

John Chambers commented on this new initiative and stated that this impact of digitization would definitely help countries in maintaining global competitiveness. It would also help foster jobs creation and innovation. With upcoming investments in innovation and education, the company looks forward to harnessing the power of technology for creating a new generation of problem solvers, who can later become great entrepreneurs and technologists.

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India’s Plans

In collaboration with India’s state government, Cisco has plans of adding 3 centers of expertise, 6 new innovation labs as well as a funded university.  Meanwhile, the program of Cisco Networking Academy would expand for keeping track of highly skilled professionals in networking. 110,000 have been giving training since the start of this program in partnership with non-profit organizations, public sector agencies, and educational institutions.

As per the latest announcement, we now know that the company is all set to bringing together start-ups, partners, and customers. So that they can work together to build a business.

Moreover, the company hopes that new measures of innovation would be an essential factor of success in countries such as India.

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