Juniper to invest $1 billion in Indian cloud-based services
NEW DELHI: US-based Juniper Networks is planning to invest $1 billion (about Rs 6,700 crore) in the Indian operations to tap into the opportunities which will arise from India’s digital transformation led by cloud-based services.
“We intend to continue to invest in this (India) region, so consider at least another $1 billion or so over the next few years,” Juniper Networks’ global chief executive Rami Rahim told ET.
The company wants to be part of Prime Minister Narendra Modi’s digital vision, he said.
“We want to be a part of it (Digital India vision). And for that reason, we are investing today with the goal that they will pay off in the next year to two-year time frame,” Rahim said.
Juniper offers software-defined network solutions, routers and switches to telecom service providers and large enterprises including government departments, and competes with Cisco, Ciena and Hewlett.
“To take the country as large as India to a cashless economy with new services and applications, the demand for connectivity, scale and performance, security of the infrastructure increases and that indirectly results in the opportunity for us,” Rahim said.
With 300-350 million internet users, according to industry estimates, India is the second-largest internet community in the world, with 27% penetration compared to 50.3% in China.
Juniper expects to grow India operations faster with the new investment and it is banking on talent acquisition to aid product innovation.
“The talent here (India) is second to none. We depend on the teams here to develop some of the most complex software systems,” Rahim said.
Asia, including India, accounts for nearly 15% of the company’s business worldwide while India’s human resources, primarily engineering workforce, comprises almost 40% of its global talent pool.
Juniper’s top executive met information technology minister Ravi Shankar Prasad on Tuesday and conveyed the company’s willingness to participate in the government’s Digital India programme.