Cisco, a multinational technology company, announced the plan to set up a new manufacturing unit in India’s Tamil Nadu. With this latest investment, Cisco will cater to the growing customer demand in India and aims to drive more than $1 billion in combined domestic production and exports in the coming years.
Chuck Robbins, chair and CEO of Cisco, said, “Today, we are announcing strategic investments in Indian manufacturing capabilities as the next step in delivering cutting-edge technologies to our customers in India and across the globe. Fueled by a rapidly developing digital economy, India is a focal point of innovation and business for Cisco, and we remain deeply committed to our partnerships here.”
This investment is part of Cisco’s strategy to build an even more diverse and resilient global supply chain and support India’s vision of becoming a global manufacturing hub.
Cisco’s new manufacturing unit will produce Cisco’s best-in-class technology to deliver flexible, cost-effective delivery of next-generation services and applications and support complex cloud computing environments.
Cisco is making core manufacturing capabilities in India, including testing, development, and logistics, and expanding in-house repair operations. In addition to supporting supply chain resiliency, reducing lead times, and elevating the customer experience, this will add further impetus to the local economy.’
“India is of strategic importance for Cisco, and we continue to bet on India. This investment will allow us to bring state-of-the-art technologies to more people and businesses and help accelerate India’s transition into a leading digital economy,” said Daisy Chittilapilly, President of Cisco India & SAARC.
India is an important market for Cisco and its second largest R&D center outside the US. Since beginning operations in India in 1995.
Cisco Chair and CEO, Chuck Robbins announced the plan to build a new manufacturing unit in India in New Delhi following a meeting with Prime Minister Narendra Modi and a series of strategic engagements with Dr.S. Jaishankar, External Affairs Minister Rajeev Chandrasekhar, Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology, B.V.R. Subrahmanyam, C.E.O. of NITI Aayog, and K. Rajaraman, Telecom Secretary.
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