Companies

Next Govt must usher ‘predictability’, generate investments in India: Cisco CEO

Adith Charlie Las Vegas | Updated on March 26, 2014

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.

Published on March 26, 2014

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