New Delhi, India – Cisco, a global technology leader, decision to invest invest $1 billion in India to establish a new manufacturing facility has endorsed India’s emerging economic prowess and technology skill. The facility will be located in Chennai, Tamil Nadu, and is expected to create over 1,000 jobs.
The announcement was made by Cisco Chair and Chief Executive Officer Chuck Robbins during a visit to India. He said that the company is committed to India and its growth and that the new manufacturing facility will help to create jobs and boost the economy.
“India is a critical market for Cisco, and we are excited to expand our presence in the country,” said Robbins. “This investment will help us to better serve our customers in India and around the world.”
The new manufacturing facility will produce a range of Cisco products, including switches, routers, and wireless access points. It is expected to be operational in 2024.
CISCO – A Vote of Confidence in India’s Economy
Cisco’s decision to invest in India is a vote of confidence in the country’s economy and its growing technology sector. It is also a sign that Cisco is serious about expanding its presence in the region.
The company has been operating in India for over 20 years and has a strong customer base in the country. It is also a major player in the Indian government’s Digital India initiative.
With the new manufacturing facility, Cisco is well-positioned to continue to grow its business in India and to help the country realize its digital ambitions.