Cisco has set up a new business unit in Bangalore – the company’s first unit to be based outside of the United States, reports India-based Business Standard.
According to Business Standard:
The new business unit will focus on intelligent infrastructure, which comes under the emerging technology group within the company. Cisco has classified emerging technologies as a niche area which has the potential to touch at least $1 billion in revenue.
The unit will be headed by Ranganath Salgame, who resigned as president of Cisco India in July last year, reports Business Standard.
The news points to the higher profile that Cisco is giving its India subsidiary. In January, the networking giant was reported to be pumping $1.1 billion into the country over the next five years, largely on research and development. Also in January, Wim Elfrink, Cisco chief globalization officer relocated to Bangalore to head up Cisco’s new Globalization Center, to where Cisco plans to move 20% of its senior managers by 2010. The higher profile maybe backfiring on Cisco, though. The company recently was reported to have laid off U.S.-based workers and moving jobs to India, which the company denied in a blog posting.
Is Cisco U.S. going to be less significant in the future?
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