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India’s TCS and Cisco form strategic alliance

Cisco will create its own technology lab on the Tata group company’s campus in the southern city of Chennai as part of the strategic alliance.

Both companies declined to provide financial details of the alliance, which will focus on India, US and British-based customers in the banking, financial services, telecom and state sectors.

“The alliance offers multibillion-dollar opportunities,” TCS chief executive S. Ramadorai told reporters in Mumbai, without giving precise forecasts.

“We belive in catching markets in transition, which makes this alliance crucial,” said John Chambers, chairman and chief executive of Cisco.

“If I had to bet on one country at this moment, it would be India,” Chambers said, adding he was confident of India’s future strong economic growth.

Cisco, which has been in India for over a decade and is a dominant player in the Internet networking market, had earlier pledged to invest 1.2 billion dollars in the country.

It has said it plans to turn the South Asian nation into a platform to service markets worldwide.

Cisco is trying to take advantage of India’s low costs, its pool of technology talent pool and the expertise of local companies to seize new markets.