Technology major Cisco is betting big on Prime Minister Narendra Modi's Digital India mission. In an exclusive conversation with CNBC-TV18, Cisco's Chief Technology Officer Padmasree Warrior says she is exploring opportunities to invest in electronics manufacturing in India.
According to her, India's internet business will increase 10 times.
Below is the verbatim transcript of Padmasree Warrior's interview with CNBC-TV18's Malvika Jain.
Q: What is your view on Prime Minister Modi's Digital India drive?
A: Yes, it's actually a very exciting vision for us to hear Prime Minister Modi talk about digital India and the nine pillars that he has highlighted as part of that initiative. Government of India is expecting an investment to the tune of over Rs 100,000 crore in this area. That's very exciting to see. There are many trends that we believe will support this move towards digital India. If we look at India, our estimates say that the internet traffic will almost increase 5x from 2013 to 2018. Mobile data traffic will increase 24x or 24 times from where it is in 2013 to 2018. Internet business per se will almost increase 10x from where it is currently in the next decade. So all of these metrics support the fact that there is a need for digitizing and enabling many solutions not only in the government but in the private sector to move towards digital India.
We have a large initiative that we refer to as smart cities which pretty much aligns with the vision that Prime Minister Modi has towards digital India. In addition to that we are working with many customers and partners in the retail segment in the manufacturing segment and smart grid to enable bring technologies to help with bringing current business on to the platform.
Q: Fair enough but if you talk about the emerging trends in the technology space, what is it that Cisco betting big on?
A: So, the big trends that we are pushing and we see that'll change the face of technology are I would say we can summarize them as three trends. First is cloud computing. There is shifting of IT from a premise based solution to a cloud based service. That's definitely something Cisco is leading in and will continue to drive cloud based solution.
The second is mobility, the rise of the mobile as this powerful platform. Essentially, actually it's very big in India, right? Most of the things that I see people using here, lot of the applications are getting created on the mobiles, so that's a second big trend.
The third is the rise of the internet of things which is really the machine to machine connection and the things to things connection. So those are the three big major trends that we see that will transform not just the IT industry but essentially every business that we currently support across the globe.
Q: Another area which is seeing a lot of interest from investors is electronics manufacturing. This is something that that is also being pushed by the government. Proposals worth around Rs 19,000 crore have been received by the government. So, far Cisco is the company which could support electronic manufacturing. Would this be an area that you would be exploring?
A: Yes, we are evaluating that. We are working with the government. For us it has to make business sense of course and as long as everything is competitive and we see the growth opportunities we'll certainly explore the possibility of doing that.
Q: The last time I had interviewed you mentioned to me that foreign investors were cautiously optimistic about India but those were early days for the Narendra Modi government and since then a lot of initiatives have been taken. The sentiment in the Indian economy has revived. So, as a foreign investor the cautious optimism that you were talking about has that shifted to absolute confidence in the governments vision, its plans and its goals?
A: Definitely it is getting better. The optimism is getting stronger. I myself participated in some of the discussions in New Delhi when President Obama was visiting here and I also participated in the state department events when Prime Minister Narendra Modi was visiting Washington DC. Overall definitely the confidence is growing. My boss John Chambers was in India few months back and he emphasized also the importance our company places in India not just as a market but actually as a talent base for us.
Our teams here in India for Cisco produce products that we market globally. So, they are not just making products for India but for our global base. So, definitely it will all depend on execution but definitely the optimism is there and the confidence is growing.
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