Cisco Systems will increase its workforce in India by about 60% over the next four years as part of its strategy for emerging markets, a senior executive of the network equipment maker told ET.
his will be the first big-scale recruitment by Cisco in India after it announced a 15% cut in global workforce in mid 2011. Most of the hiring will be for the company's research and development centre in Bangalore, which is its largest outside the US. The IT giant is increasingly using the Bangalore centre for innovating products for emerging markets such as India, China and Brazil.
"By 2015, we will be ramping up from 7,500 people to about 12,000 people, increasing workforce out of Bangalore," senior vice-president Sanjay Rohatgi said, adding, "We want to innovate faster and at the right price point for emerging countries because the growth will happen in this part of the world now."
Rohatgi looks after the California-based company's service provider business in India and the SAARC region. Cisco's service provider vertical contributes about 36% to the company's total revenues from India.