Cisco to set up plant in Chennai to make networking equipments
As part of its efforts to diversify its global supply chain, Cisco has announced that it will set up a manufacturing plant in Chennai, Tamil Nadu to make networking equipments. The plant is expected to help the company achieve its target of $1 billion in combined domestic production and exports in the coming years.
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In an interview to Business Standard, Daisy Chittilapilly, president, Cisco India and SAARC, said that the manufacturing facility will focus on a wide range of networking equipment, including the company’s routing and switching portfolio. “The new facility will help us meet the growing demand for our products and services in the region and enable us to better serve our customers here,” she said.
Daisy, spokesperson for the Indian government, announced that the government is offering a number of incentives to businesses, like the production-linked incentive, which are proving to be very attractive. She added that the ecosystem in India is maturing and that there is a strong demand domestically for technology. India has always been a strong talent hub, she said, with no shortage of engineering talent.
On May 10, Cisco announced its plan to start manufacturing in India. This move is expected to create jobs and boost the country’s economy.
The company’s new manufacturing unit in Tamil Nadu will aim to produce $1 billion worth of domestic production and exports over the next few years, according to company chief executive officer Chuck Robbins.
According to reports, Cisco is likely to have Flex India as its manufacturing partner in the country. CIsco typically manufactures through subcontractors.
Flex, a leading technology company, is set to open a new manufacturing unit in Chennai. This new unit, located in the Oragadam special economic zone (SEZ), is expected to create around 1,200 jobs in the manufacturing sector. With this new unit, Flex is looking to increase its market share in India and strengthen its position in the country.
Cisco is currently manufacturing networking switches and routers in multiple locations in Asia, including Korea, China, Taiwan, Malaysia, and Singapore. Cisco is designing, manufacturing, and testing key switches in China using optical, powerline, WLAN, and media access control technology.
The two largest manufacturing facilities of the company are located in Mexico and Brazil.