Cisco Systems, the world's largest Internet
equipment vendor, on 20 October 2005, announced an investment of $1.1 billion in
India's computer software sector over three years.
According to the company's investment plans for
India, $750 million will be allocated for research and development, including training, development and
staffing, while $150 million would be dedicated to Cisco Capital Systems (a
division of Cisco Systems) to provide leasing and other financial solutions to
its customers and partners
About $100 million will be set aside as venture
capital funding for Indian start-up companies and another $100 million will be
invested in customer support operations.