Wednesday, September 22, 2004

Cisco Systems to set up Indian venture cap arm

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> NEW DELHI: US-based Cisco Systems, global leader in networking for the
> Internet, today said it will set up a venture capital arm in India and
> is scouting for mid-level companies in the IT and networking space for
> investment as well as acquisition in the country.
> "We are committed to start venture capital arm in India as it fits
> Ciscos strategy. We scout worldwide for investing in product innovations
> or for acquisitions. And India is a good breeding ground for
> innovation", Cisco Systems President (India and Saarc), Mr Rangnath
> Salgame said here.

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