Cisco, based in California, started its India operations in 1995 and plans to triple its workforce from the current 1,400 by 2008. The company has its global research and development center in the southern city of Bangalore and offices in seven other Indian cities.
Chambers said that $750 million will be spent on research and development activities, including training, development and staffing. The rest would be spent on providing leasing and other financial solutions to the company's customers, investing in Indian start-up companies and customer support operations.
Chambers said Cisco may also consider manufacturing its networking equipment products in India.
"Some top manufacturing people will be coming to India in the next couple of months. We're going to look very hard at manufacturing (in India) next year," he said.
Any facility in India will initially be a basic manufacturing unit, which will be gradually ramped up to undertake complex manufacturing, he added.
They will tell you that big companies must make big profits to create jobs. Now the the jobs they are creating are in other countries. What about American workers?
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