· Cisco is making a significant investment in manufacturing capabilities in India.
· New manufacturing operation to support the growing demand from customers in India as well as globally and to further strengthen and diversify Cisco’s supply chain.
· Cisco aims to drive over $1 billion in combined exports and domestic production over the next few years.
New Delhi, NFAPost: Cisco, a global technology leader, announced today that it will start manufacturing in India, a major step in the expansion of its footprint in the country and aims to drive more than $1 billion in combined domestic production and exports in the coming years.
According to Cisco statement, the move is a part of Cisco’s strategy to create an even more diverse and resilient global supply chain and support India’s vision of becoming a global manufacturing hub. With this latest investment, Cisco will cater to the growing demand from customers in India.
The creation of a new manufacturing operation was announced by Cisco Chair and CEO Chuck Robbins in New Delhi, following a meeting with Prime Minister Narendra Modi, and a series of strategic engagements with External Affairs Minister S Jaishankar, Union Minister of State for Electronics & Technology Rajeev Chandrasekhar, NITI Aayog CEO B V R Subrahmanyam and Telecom Secretary K Rajaraman.
Cisco chair and CEO Chuck Robbins said Cisco is announcing strategic investments in Indian manufacturing capabilities as the next step in delivering cutting-edge technologies to 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,” said Cisco chair and CEO Chuck Robbins.
As organisations in India and across the globe fast-track their digitization, their technology needs are growing and evolving rapidly. The manufacturing facility will build Cisco’s best-in-class technology, designed to provide flexible, cost-effective delivery of next-generation services and applications and support complex cloud computing environments. The products can meet companies’ dynamic demands as they strive to foster agility in an increasingly hybrid, digital-first world.
Cisco is now building 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 customer experience, this will add further impetus to the local economy.
Cisco India & SAARC President Daisy Chittilapilly said India is of strategic importance for Cisco and the company continues to bet on India.
“Today’s 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 Cisco India & SAARC President Daisy Chittilapilly.
India is a key market for Cisco and its second largest R&D center outside the US. Since commencing operations in India in 1995, Cisco has focused on helping the country digitise at scale and speed, including accelerating the transformation of critical sectors like transport, agriculture, including through the Country Digitization Acceleration program, and building a skilled workforce through the Cisco Networking Academy program.
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
