Cisco CEO Chuck Robbins Announces Manufacturing Plans For Tamil Nadu

US network gear maker Cisco on Wednesday announced manufacturing plans for Tamil Nadu, India, as its chairman and CEO Chuck Robbins asserted that the company is bullish about India market and its prospects.

The company, in a statement, said it is targeting over USD 1 billion in combined exports and domestic production.

Robbins, who is in India this week and currently on the Delhi leg of the multi-city visit, said that the energy in India is "incredible".

"India has made tons on progress on digitisation. The ambition of India is very clear and momentum I felt here is incredible," he told PTI in an interview.

As the company announced its manufacturing plans for India, Robbins said Cisco will have the first products off the line in 12 months, and will expand to a wider array of Made-in-India products over a period of time.

Cisco's manufacturing in India will be through its contract manufacturers and partners. The company did not comment on the quantum of investments it will infuse.

"We think, we should have first products off the line in about 12 months. We are starting with two of our highest volume products, one of our switches and one of our routers that are widely used in India," he said.

Robbins also met Prime Minister Narendra Modi and other ministers.

"I met the PM and several ministers and talked about many topics, among them about our commitment to manufacturing here in India, which we are announcing," the Cisco top boss said.

The company will also use India manufacturing for exports.

"We are going to be using this and viewing this as a global export hub as well. So we are building a full manufacturing node just as we have it in other places, and we are really excited about it," the Cisco CEO said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more