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Cisco to step up investments in India

US-based tech giant  Cisco Friday said it is stepping up investments in the Indian market as part of the second phase of its 'Country Digital Acceleration' (CDA) programme that will focus on accelerating innovation and entrepreneurship, 5G use cases for citizen services as well as transportation modernization.

Cisco CEO  Chuck Robbins said India is among it's few markets where the company has made the second round of investment as part of its CDA programme.

"India is an important market for us. While we are not disclosing the amount we would be investing, it is clear that we are betting on India as a key market. We are adding four more states to our existing initiatives towards areas like innovation, smart cities. We have also signed agreements with  Niti aayog and Bharat Sanchar Nigam Ltd (BSNL)," he said.

Cisco had committed an investment of USD 100 million in the first phase of CDA, where it has completed about 50 projects, including setting up 10 innovation labs, three smart city showcases and a cyber-range.

"The current set of investments will focus on fostering innovation and entrepreneurship through the Atal Innovation Mission, in developing use cases to showcase the possibilities of 5G in citizen services as well as the application of innovative digital technologies in transportation modernization (railways, highways, ports, and airports)," he said.

 Cisco will boost connectivity and collaboration across all 100 Atal Incubation Centres by equipping them with its conferencing platforms. It will also connect these centres with Cisco's incubation and innovation centers across the world to enable entrepreneurs to innovate and go global with digital solutions.

With BSNL, Cisco will set up a dedicated location to demonstrate use cases of 5G -- which promises faster internet speed and better user experience -- to address challenges in areas like education, healthcare, and agriculture.

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