Networking product maker Cisco has announced its plans to start manufacturing in India. The move is seen as the key stepping stone for the company to create footprints in the large Asia country. The US-based enterprise said that the move will bring $1 billion in domestic production and exports in the next few years.
Manufacturing in India will also be key to diversifying Cisco’s global supply chain. The company sells networking equipment and software to connect devices to the internet.
“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,” said Chuck Robbins, chair and CEO of Cisco. “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.”
As part of its Indian plans, Cisco will build core manufacturing capacities in India such as testing, development, and logistics as well as in-house repair operations.
- Zoom to Start its Phone service in India, gets Unified License from DoT
- Axiata to Proceed with Dialog Axiata Airtel Lanka Merge
“India is of strategic importance for Cisco, and we continue to bet on India. This announcement marks a significant milestone to power the next phase of growth for Cisco. This investment will enable 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.
India has already been essential to the digital communications technology conglomerate. It noted that the South Asia country is its second largest R&D center outside the US.
In India, Cisco is cooperating with operators for commercializing the 5G mobile network.