Cisco hints at manufacturing plans for India
Global Data networking company, Cisco Systems on Wednesday hinted at setting up its manufacturing plans in India, which will include some of its mainline products like routers and switches.
By PTI |
NEW DELHI: Global Data networking company, Cisco Systems on Wednesday hinted at setting up its manufacturing plans in India, which will include some of its mainline products like routers and switches.
"The only thing we have not got here is manufacturing. We will talk about it in the evening. The company had committed $1.1 billion investment in November last year. So Far in India we have presence in R&D campus, R&D resources, Cisco Capital, Business development/ventures and service agreement," Cisco Systems CEO and Chairman John Chambers said at the CII-CEO forum on Wednesday.
Chambers has a scheduled meeting with IT Minister Dayanidhi Maran in the evening and it is expected that the manufacturing plans will possibly be disclosed then.
The $30 billion company, treats India as a strategic market and its largest R&D centre is in the country. The company dominates the networking market in core technologies of routing and switching as well as WLAN and network security.
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