Modi has reputation of being decisive, focused: Cisco chief

Tags: Cisco, Modi, News
Narendra Modi, India's newly appointed Prime Minister, has an excellent reputation as being "decisive

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and focused" on business, which is going to be "very good" for the country, tech giant Cisco chairman John Chambers has said.

The three-time Gujarat Chief Minister has steered the BJP to a landslide victory in general elections, with the party winning a majority in Parliament. It is the first time since 1984 that a single party has won a majority on its own.

"The new government came in without forming a coalition, and Narendra Modi as a PM has an excellent reputation as being decisive and focused on business," Chambers told reporters here.

"I think that is going to be very good for the country and I am very optimistic of what that means to the country's economic growth," he added.

On the past issues of policy paralysis and the way ahead, he said India has a chance to get economic growth going again and what is needed for the young people.

"I am very much a believer in India and the rule of law. India has 600,000 engineers, English-speaking... It has tremendous resource to focus in on," Chambers said.

He added: "I think that India as a country is very resilient... I am very committed to see our business in India not stay at one and a half per cent or so but a number much higher than that.

"But I think, having a government that has a majority by itself will allow for tough decisions to be made as well as good decisions to be made... So I am very optimistic about the new PM. I think that I will be surprised if India does not grow its GDP well over the next 3 or 4 years."

Cisco is "deeply committed" to India and the company expects to increase its business well over the 2 per cent, he said.

"We are committed to the long run," Chambers added.

Cisco has over 10,000 employees in India across cities like Bangalore, Delhi-NCR, Mumbai, Chennai, Kolkata, Pune and Hyderabad. Of these, 8,000 people are part of the R&D set up.

Although the company gets about 2 per cent of its over USD 48 billion global revenues from India, it is confident of growing the share. It expects to garner 5 per cent of its revenues from the Indian market in the next five years with business growing over 20 per cent.

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