Cisco Systems, a leading US tech company, plans to establish a manufacturing plant in India as part of its efforts to diversify its global supply chain, according to CEO Chuck Robbins. The company specializes in selling networking equipment and software used to connect devices to the internet. Robbins stated that Cisco aims to achieve a combined total of over $1 billion in exports and domestic production in the coming years.
By setting up a manufacturing facility in India, Cisco aims to leverage the country’s strategic location and strong manufacturing capabilities. This move is in line with the company’s strategy to enhance its global supply chain and tap into the growing demand for networking equipment and software in India and other markets.
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The establishment of a manufacturing plant in India will not only enable Cisco to cater to the local market but also position the company for increased exports. This aligns with the Indian government’s initiatives to promote domestic manufacturing and boost exports, creating opportunities for companies like Cisco to expand their operations and contribute to the country’s economic growth.