He will become executive chairman and continue to be chairman
John Chambers said India may become top BRICS nation under Modi
Twitter has been in talks with India-born Padmasree Warrior among others.
The company will invest additional $60 million in India.
Warrior, 54, had joined Cisco in 2008.
Cisco, which employs about 73,000 people worldwide, has warned against a 'challenging macro environment'
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
In an interview with Peerzada Abrar and Romita Majumdar, Cisco CEO Chuck Robbins said that his company would continue to bet heavily on India's engineering talent pool.
The US president-elect met Silicon Valley's most powerful executives -- CEO of Microsoft Satya Nadella, Jeff Bezos of Amazon, Tim Cook of Apple, Elon Musk from Tesla, Larry Page and Eric Schmidt of Alphabet -- parent company of Google among others.