Juniper to invest $400 mn in India

IT and computer networking firm Juniper Networks today said it plans to invest 400 million dollar in India in the next five years.

"Juniper plans to invest 400 million dollar in India in total operations, including sales and research and development in the next five years," Sanjay Jotshi, Director of Enterprise and Channels, India and SAARC, Juniper Networks, told PTI.

"As we see revenue growth, we will thoughtfully begin investing more in areas that will continue to drive growth for the company," he said.

He said it was viewing India as a strategic market with focus on BFSI (banking, financial, services, insurance) governments and telecom sectors.

"India is a strategic market for us. BFSI, government and telecom sectors are our vital markets," he said.

Jotshi said the company has invested 200 million dollar to date in its Bangalore R and D facility. This includes infrastructure, equipment for labs and salaries, he said.

"The India engineering centre is a crucial part of Juniper success story. Any products shipped by Juniper has some contribution from R and D centre in Bangalore. Twenty five per cent of Juniper's engineers are based out of the Bangalore R and D facility," he said.