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Cisco to invest US$50 million, triple workforce in India's Bangalore
India Daily ^ | Oct. 21, 2005 | Harish Baliga

Posted on 11/13/2005 4:56:24 PM PST by jb6

Cisco is bullish on India and cannot wait to use Indian expertise for research and development.

Cisco Systems Inc. will hire more engineers in India than in the United States for its research and development work over the next three years, the company's chief executive said Friday.

President and CEO John Chambers said the company would invest US$50 million (A41.83 million) to set up a second research and development center in Bangalore, India's technology hub, and triple its workforce here to more than 4,000 by 2008.

He said this would mean more engineers are hired in India than in the U.S. over the next three years.

Cisco currently employs 1,400 engineers at its existing center in Bangalore.

"This (new) R&D center will be the second major site for Cisco after the U.S.," the Dow Jones Newswires quoted Chambers as saying. "In terms of R&D efforts, India will grow faster in absolute numbers compared to the U.S," he said during a visit to Bangalore.

On Wednesday, Chambers met senior Indian government officials in New Delhi and announced that Cisco will spend US$1.1 billion (A0.92 billion) in India over the next three years in the company's largest investment outside the United States. The money will be mostly invested in development of network infrastructure and related technologies.


TOPICS: Business/Economy
KEYWORDS: bangalore; business; cisco; india; outsourcing
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To: ottothedog
I was one of those onshore programmers who was threatened by offshoring. My solution was to start my own offshore operation, and I've got to say it's been a great (and profitable) experience.

And the kicker is that one of our top customers is from India, go figure!

And, with regard to all the money supposedly going offshore...much of it has actually come directly back to the USA as tourism (I would say the *real* winner here is Mickey Mouse).

41 posted on 11/13/2005 7:17:05 PM PST by The Duke
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To: SwordofTruth
Mmmm. Perhaps if you stick pins in effigies of these mean Indians that you speak of, they'll be in such pain that they will regret laughing.

If you believe that, I doubt that you'd ever have a chance of getting employed as an engineer for Cisco Systems.
42 posted on 11/13/2005 7:23:44 PM PST by dr_who_2
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To: willstayfree

My point is that Chambers sees a benefit to his company for doing this, and there are other U.S. Cisco stakeholders besides employess/potential employees. I don't think that it is an issue of being loyal to the US. Now, if you want to see where it is an issue, ask a journalist if they are US citizen or journalist first. :)


43 posted on 11/13/2005 7:25:16 PM PST by ottothedog (Forbes 2008)
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To: jb6
It's just capitalism. If these Indians will work for $15k/year, it's good for American CEOs, and what's good for American CEOs is good for the rest of us.

</sarcasm>

44 posted on 11/13/2005 7:30:07 PM PST by gonewt
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To: jb6
Bangalore's IT dream fades in the rain (IT's not all right in India's Silicon Valley)
45 posted on 11/13/2005 7:32:43 PM PST by nickcarraway (I'm Only Alive, Because a Judge Hasn't Ruled I Should Die...)
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To: seppel

> Big Business has given up on the concept of nations

Of course. Our nation has to require allegiance of everybody who operates here. Damn the multinationals.


46 posted on 11/13/2005 7:54:54 PM PST by old-ager
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To: oceanview

Lets see, when the political changerover comes, when stagnant/in decline wages reach a tipping point, those CEOs can be fully accountable to their now very over taxed shareholders.

Every day I am more convinced the US will become a full social democracy, with national healthcare, more than half the workforce on Fed, state or local payroll, with not just wefare making a full comeback, but think of not just a safety hammock, think of a safety suite.

It is sad that a bunch of morons run Wall Street.


47 posted on 11/13/2005 8:03:58 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: ottothedog

It is a short term view, wantying to get an increase in profit in the most rapid manner possible. The sad thing is though, in the long term, it rots the viability of US based companies to compete because eventually, foreign workers leave to start up their own firms, with the profits not going to US based shareholders, but foreign shareholers.


48 posted on 11/13/2005 8:06:59 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: dr_who_2

Here is a question. Do you want the US to become an EU style social democracy welfare state? Do you? Do you understand that a vote from a displaced worker is the same value as the vote of some manager?

There is going to be a tipping point, and I think it will be far sooner than later that a large part of the GOP base that is most impacted by this economic nonsense will just simpily stay home come election day, or worse, in spite, vote for a Democrat.


49 posted on 11/13/2005 8:13:30 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: RFT1

No and no. Wishful thinking on your part. There seems to be a lot of it on this thread and little else.


50 posted on 11/13/2005 8:37:58 PM PST by dr_who_2
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To: dr_who_2

I am the last one who wants the govrenmnet to run the health care system, much less the US turning into a EU style state economically, but those will be the logical end results as US workers become more and more economically stressed.

Job outsourcing(and immigration) has put far more stresses on the US workforce, and sooner or later there will be a tipping point politically, and there will be a heavy price to be paid.


51 posted on 11/13/2005 8:44:30 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: RFT1
I don't think that long term that it will be used as a cost cutting mechanism. Take a look at the article that I linked to above that showed the cost saving are not that great. Companies will have engineering teams around the globe to take advantage of the global talent pool, and to cater to specific markets. I just kinda randomly picked this one out, but how about this:

http://jobsearch.monster.com/jobsearch.asp?co=xtoymotx

52 posted on 11/13/2005 8:45:37 PM PST by ottothedog (Forbes 2008)
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To: RFT1
Here is a question. Do you think that serious steps that a Democrat would take to stop outsourcing would improve the domestic employment situation in the tech sector or drive more of these companies out of the country? Do you think that Democrats have anything to offer disgruntled "displaced" workers? How about the unions? Do you think spending a large fraction of your life whining about free trade is going to increase your chances of landing a good job in your area of expertise?

Sometimes you can't stop people from doing stupid things, especially because that course of action is equally stupid. It may even be shortsighted for Cisco execs to give its US workforce a short shrift, but democracy also enables voters to do stupid things as well, and there's nothing for it ...except the capacity of some of those people to learn from their mistakes.
53 posted on 11/13/2005 8:56:45 PM PST by dr_who_2
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To: RFT1
Job outsourcing(and immigration) has put far more stresses on the US workforce, and sooner or later there will be a tipping point politically, and there will be a heavy price to be paid.

...the seven headed beast of Aggadon will wreak vengance on the nonbelievers, the primal screams of stressed-out U.S. workers will cause a mighty subsidence that will make office buildings crumble, and Japanese-made walkmen everywhere will explode in flames that will devour the non-patriotic consumers....
54 posted on 11/13/2005 9:11:19 PM PST by dr_who_2
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To: seppel
This kind of stuff only stops when Americans stop electing globalists to office who produce treaties and policies that promote off shoring and outsourcing.
55 posted on 11/13/2005 9:42:22 PM PST by hedgetrimmer
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To: RFT1
It is sad that a bunch of moronsglobalists run Wall Street the federal government too.
56 posted on 11/13/2005 9:43:50 PM PST by hedgetrimmer
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To: dr_who_2

I fully expect the Democrats to make the situation far worse, and turn the US into an economic equivlent of France and Germany, but that said, it is the foolish manner many companies have been acting that is going to make this dark future ever more likely. It is a game of give and take, companies should take a longer term view rather than a quarter by quarter view. The cost of keeping producting on US shores, and having an American workforce may be higher short term, but long term its worth it, because if the political dynamics of the country does shift, and shifts against business, shareholders will be in far more pain as their taxes go past Carter era levels.


57 posted on 11/13/2005 9:44:12 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: hispanichoosier
Ive worked with Indian talent and when it comes to math they are great, but when it comes to the imagination needed to be a good engineer they are seriously lacking.. On the plus side tehy will work for less than half what an American will work for..
58 posted on 11/13/2005 9:45:06 PM PST by N3WBI3 (If SCO wants to go fishing they should buy a permit and find a lake like the rest of us..)
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To: dr_who_2

It is called reading history. If you make light of history, and using history to give light to possible future eventsm, then you are on the kool-aid. The trends of job outsourceing and immigration(both H-1B and illegal) at their current rates will have a heavy political price to be paid. I know that is not in the Limbaugh/WSJ handbook, but thats reality.


59 posted on 11/13/2005 9:47:12 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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To: hedgetrimmer

By the time the people are angry enough to force a political shift, they simpily will not just stop at electing people who are anti globalist, they will elect those who are full on Socialist. The Open Border/Free Trade lobby will not fully understand what hit them in a few years.


60 posted on 11/13/2005 9:49:53 PM PST by RFT1 ("I wont destroy you, but I dont have to save you")
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