Cisco Systems plans to establish a manufacturing facility in Tamil Nadu to produce a range of networking products, including switches and routers, to cater to global customers.
What Happened? The company’s CEO, Chuck Robbins, credits the rapid 5G rollout in India as a primary driver behind this investment decision.
Robbins expressed that Cisco’s goal is to set up production in India with an eye on catering to both the local and global markets. The global corporation projects a combined revenue of $1 billion from both domestic sales and exports.
The facility will encompass testing, development, and logistics capabilities, expanding Cisco’s repair operations. This initiative is expected to boost the local economy, enhance supply chain resilience, reduce lead times, and improve customer experience.
Robbins met with Indian Prime Minister Narendra Modi and other government officials before this announcement. He highlighted the potential of security, generative AI, and hybrid cloud in India’s rapidly evolving digital economy.
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“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,” Robbins said in a statement.
This move aligns with the Indian government’s Atmanirbhar Bharat initiative, aimed at promoting domestic industry and attracting foreign direct investment.
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