This will be done under the ambitious ‘Skill India’ initiative to meet its requirement of skilled labour. 50% of India’s population is under the age of 25. In the next 7 to 8 years, it is expecting to achieve 99% literacy.
Cisco Systems will invest over $100 Mn in India to support the country’s ambitious plan to connect thousands of its villages to the internet and create jobs, Executive Chairman John Chambers said on Friday. PM Modi has launched a series of initiatives under the ‘Digital India,’ ‘Skill India,’ and ‘Startup India’ schemes to connect millions of Indians to the Internet, create more tech jobs and move more services online. Cisco will invest $40 Mn of the total planned investment into funding early and mid-stage startups.