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Cisco Systems (CSCO) Stock Edges Higher, to Invest in India’s Digital Efforts

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NEW YORK (TheStreet) -- Shares of Cisco Systems (CSCO - Get Report) are increasing by 0.32% to $28.28 late Friday morning, as the company will invest over $100 million in India to support the country's plan to connect thousands of villages to the internet and create jobs, executive chairman John Chambers said today, according to Reuters.

Chambers said Cisco will work with Indian federal and provincial governments to start incubation centers for entrepreneurs and training students.

The company will invest $40 million of the total planned investment into funding early and mid-stage startups, Reuters added.

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