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October 27, 2005
Cicso Innovates in India
According to Forbes last week, Cisco is stepping up its investment in India, but for reasons that go beyond lower costs:
"Cisco has invested in and had operations in India for several years but is stepping up its investment partly because it can't ignore India's brainpower and partly because of market reforms that favor business and foreign investment.
"'We originally came to India for the [low] cost. We stayed because of the quality, and now we're investing because of the innovation,' says Dan Scheinman, senior vice president of corporate development."
Now that's news. Cisco is investing in India not because of cost or quality, but because of innovation? The U.S. has always considered itself the font of innovation and invention. Are we losing that edge as well? The article quotes IBM on the same topic. Worth reading the whole thing.
Posted by DavidK at October 27, 2005 08:46 AM | Permalink