Cisco announced May 10 that it will begin manufacturing operations in India as part of the company’s strategic effort to create a more diverse and resilient global supply chain while simultaneously supporting India in the country’s quest to become a global manufacturing hub. Cisco says that the investment will lead to over $1 billion for India in combined domestic production and exports over the next few years.
Cisco says it will introduce its core manufacturing capabilities to the Indian market including product testing, development, logistics and the expansion of in-house repair operations.
At this time, Reuters says that Cisco has not yet revealed how much money it will invest in India, but the company will be able to support growing demands in the country and expand the nation's supply chain capabilities. Additionally, Cisco’s investment aims to reduce lead times and improve customer experiences which will bolster the local economy.
The development of these manufacturing operations was announced by Cisco CEO Chuck Robbins following a meeting he had with Indian Prime Minister, Narendra Modi.
"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," Robbins said. "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.”
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