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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4642)	6/17/1999 3:12:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Cisco in spread mode, to set up Bangalore unit (Friday, June 18, 1999) Our Corporate Bureau in New Delhi Cisco Systems Inc of the US, the global networking giant, has decided to invest $20 million in India to set up an engineering development centre in Bangalore and expand its operations. The expansion plan includes increasing staff strength to over 100 in India and upgrading its representative office into a wholly owned subsidiary. "About 17 months back, the company decided to make major investments in the Asian region and since India is a fast-growing market offering challenges, we have decided to focus in this part with increased investments," Cisco Systems' managing director (Asia), Todd Abbott, said. According to him, Cisco has been growing at a clip in excess of 100 per cent in India. Abbott pointed out that India is part of the "Greater Asia" region (excluding Japan, New Zealand and Australia) which itself is one of the fastest growing markets for Cisco where, by the end of July (when the company's financial year comes to a close) the growth would have been in the range of 40-50 per cent. The fresh investments in expanding and opening its R&D outfit in Bangalore would be made in the coming 12 months, he added. Abbott said the Indian centre would conduct development and testing work relating to Internet operating systems software, applications-specific integrated circuits and other technologies such as voice-over Internet protocol. Though in some parts of the world, Cisco has gone in for acquisitions to get new technology, in India, the company does not have any such plans, Abbot said. He said Cisco's acquisitions do not have any budgetary constraints; "rather, they are more market driven". The availability of cost-competitive talent and growth in the Asia-Pacific weighed high while the decision was made to locate the R&D centre in India. "Moreover, we are facing constraints in recruiting the right sort of people in the US," Abbot said. According to Cisco, growth of Internet service providers was fuelling demand for its hardware and software. Cisco spends substantial amount on research, and their R&D expenses stood at 11.2 per cent of their total expenses last year. The work at the Bangalore centre would complement development agreements already in place with local partners. business-standard.com

To: Mohan Marette who wrote (4642)	6/17/1999 4:40:00 PM
From: Shivram Hala	Read Replies (1) \| Respond to of 12475

More News : In one of the news articles yesterday (I forget which news source) Japan says that there is no evidence of pak violating the LoC nor evidence of Pak assistance to militants. Considering that Japan gets such info from the US one wonders why, when all nations are calling for pak to cease and desist, japan insists that no such eveidence exists. Also Japan is the only G8 member to say that there is no violation. I wonder what Japan gains by having such a stand. Also, does anybody know how much India received before the sanctions and how much after the sanctions from Japan. Anyway, here's news about a friend turned traitor as far as pak is concerned. International US may impose sanctions against Pakistan for Kargil aggression ( india-today.com ) Washington: The US is likely to impose sanctions against Pakistan if it continues to ignore Washington's call to withdraw forces from the Indian side of the Line of Control (LoC). “Washington is drawing up a list of punitive measures if Pakistan does not withdraw. Among them: reimposing a ban on aid from international monetary organisations,” USA Today, in a despatch under the heading “Clinton warily watches India, Pakistan battle”, said. US President Bill Clinton, in a telephonic conversation with Pakistan premier Nawaz Sharif on June 15 had asked him to withdraw Pakistani forces from the Indian side of the LoC in order to defuse tension and continue “direct dialogue” with New Delhi. The paper said “US officials say the Pakistani army planned and carried out the operation, with guerrillas playing a minor role. Also involved are Afghan Taliban fighters. Michael Krepon, heads the Stimson Center, a Washington-based think-tank, told the paper: “It is serious. If the Indians can't dislodge the Pakistanis, the crisis will escalate.” Pakistan, the paper noted, has so far rebuffed Clinton, insisting that Kashmiri Muslim guerrillas—not Pakistani soldiers—had taken an area, including a ridge overlooking the only highway India can use to resupply its forces.