Comments
Technology major Cisco expects to more than double revenues from India within the next 5 years even as it hopes that the next Government will usher in more ‘predictability’ in the country.
The $49-billion company wants India revenues to account for five per cent of overall revenues from less than two per cent currently, John Chambers, Chairman and Chief Executive Officer, said.
“I love India and we are deeply committed to your country. We have shared our vision for India with our staff there and with the various Government leaders as we want it to be a win-win for all.”
However, Chambers stressed that India must ensure stability and predictability in its investment and taxation climate for the country to attract more inward capital.
“Once the US became predictable, stock markets started going up, businesses upped investments and new jobs were created. As basic as it sounds, getting back the predictability of doing business in India is crucial,” he added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.