News Summary

· Cisco is making a big funding in manufacturing capabilities in India.

· New manufacturing operation to assist the rising demand from prospects in India in addition to globally and to additional strengthen and diversify Cisco’s provide chain.

· Cisco goals to drive over $1 billion in mixed exports and home manufacturing over the subsequent few years. 

NEW DELHI, May 10, 2023 – Cisco, a worldwide know-how chief, introduced as we speak that it’ll begin manufacturing in India, a significant step within the enlargement of its footprint within the nation. This transfer is part of Cisco’s technique to create an much more numerous and resilient world provide chain and assist India’s imaginative and prescient of turning into a worldwide manufacturing hub. With this newest funding, Cisco will cater to the rising demand from prospects in India and goals to drive greater than $1 billion in mixed home manufacturing and exports within the coming years.

The creation of a brand new manufacturing operation was introduced by Cisco Chair and CEO Chuck Robbins in New Delhi, following a gathering with Prime Minister Narendra Modi, and a collection of strategic engagements with Dr.S. Jaishankar, External Affairs Minister, Rajeev Chandrasekhar, Union Minister of State for Entrepreneurship, Skill Development, Electronics & Technology, B.V.R. Subrahmanyam, CEO of NITI Aayog, and Okay. Rajaraman, Telecom Secretary.

“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,” stated Chuck Robbins, chair and CEO of Cisco. “Fueled by a quickly creating digital economic system, India is a focus of innovation and enterprise for Cisco, and we stay deeply dedicated to our partnerships right here.”

As organizations in India and throughout the globe fast-track their digitization, their know-how wants are rising and evolving quickly. The manufacturing facility will construct Cisco’s best-in-class know-how, designed to offer versatile, cost-effective supply of next-generation companies and functions and assist complicated cloud computing environments. The merchandise can meet firms’ dynamic calls for as they try to foster agility in an more and more hybrid, digital-first world.

Cisco is now constructing core manufacturing capabilities in India, together with testing, growth and logistics, and increasing in-house restore operations. In addition to supporting provide chain resiliency, decreasing lead instances, and elevating buyer expertise, this can add additional impetus to the native economic system.

“India is of strategic importance for Cisco, and we continue 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,” stated Daisy Chittilapilly, President, Cisco India & SAARC.

India is a key marketplace for Cisco and its second largest R&D heart exterior the US. Since commencing operations in India in 1995, Cisco has targeted on serving to the nation digitize at scale and pace, together with accelerating the transformation of vital sectors like transport, agriculture, together with via the Country Digitization Acceleration program, and constructing a talented workforce via the Cisco Networking Academy program.

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