Cisco : India's Reliance, global tech firms to invest $9.3 billion in industrial area
February 18, 2018 at 11:39 am EST
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MUMBAI (Reuters) - India's Reliance Industries Ltd (>> Reliance Industries) and global technology companies will invest 600 billion rupees (6.65 billion pounds) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.
MUMBAI (Reuters) - India's Reliance Industries Ltd (>> Reliance Industries) and global technology companies will invest 600 billion rupees (6.65 billion pounds) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.
"When we contacted globally reputed technology companies to participate in this initiative, we received an instant and enthusiastic response," Ambani said.
Reliance entered the telecoms business in September 2016, upending the sector with cut-price data and free voice service. Reliance has invested more than $30 billion in it telecoms unit Jio.
(Reporting by Rajendra Jadhav; Editing by Edmund Blair)
Cisco Systems, Inc. is the world leader in designing, developing, and marketing Internet network equipment. Net sales break down by family of products and services as follows:
- network equipment (68.9%); switches and routers, technological software and systems (storage, Internet access, and security systems, wiring, gateways, connection interfaces and modules, etc.), etc.;
- services (24.3%): technical assistance, network design, execution, and integration services, etc.;
- security products (6.8%).
Net sales are distributed geographically as follows: Americas (58.7%), Europe/Middle East/Africa (26.6%) and Asia/Pacific (14.7%).