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Networking major Cisco is well on track on its $1.1 bilion investment plans announced in 2005 and of tripling its headcount in the country, chairman and CEO John Chambers said. Cisco plans to increase its India employee base to 10000 by 2010.

Speaking about the $1.1 billion investment in India, Mr.Chambers said that they were very much on target. It was very likely that they would exceed the 10000 people target, he said. Mr.chambers met Prime Minister Mr.Manmohan singh and commerce minister Kamal Nath.

Cisco’s $1.1 billion investment in India includes a $750 million investment in R&D activities, training and development by 2008. It is 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. The 3000 seat Bangalore campus, called the Globalisation Centre East, will be inaugurated by Mr.chambers.

Cisco Systems, currently has 3200 employees in India, of which 3000 are engaged in R&D. the company has also set a target of developing 20% of its top leadership team in India by 2012.

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