Cisco To Invest In Manufacturing In India, Targeting $1 Billion In Sales

Cisco, a major player in the technology industry, announced on May 10 that it plans to invest in manufacturing in India as part of an effort to increase its presence there.

Cisco stated in a statement that it plans to use this investment to meet the rising demand from Indian clients and to generate more than $1 billion in domestic and international sales over the next few years.

The establishment of a new manufacturing facility in India was announced by Cisco Chair and CEO Chuck Robbins while he was in India.

In addition to growing internal repair operations, Cisco is currently developing basic manufacturing capabilities in India, including testing, development, and logistics. This will boost the local economy further in addition to promoting supply chain resilience, lowering lead times, and improving the customer experience.

"We are going to start with manufacturing a couple of our high volume products and then we will expand the product portfolio from there," he said, adding that the company expects to have its first products rolling off in about 12 months or so.

Robbins believes that India offers the corporation the best opportunity for growth, thus it will be one of the company's largest investment locations over the next ten years.

In addition, he forecast that over the coming years, India would contribute about 10% of the IT company's revenue.

As Cisco looks to invest in skill and capacity, the CEO said, "Between direct and indirect employees - R&D, operations etc - we are in the mid-30,000s. We're investing in skills and capacity. We've trained over a million Indians with Network Academy, we've got a commitment for 5,00,000 cybersecurity specialists in the next 24 months."