Cisco to begin manufacturing from India in diversification move

FILE PHOTO: The Cisco logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce

NEW DELHI (Reuters) -Cisco Systems will begin manufacturing from India in a move to diversify its global supply chain, Chief Executive Officer Chuck Robbins said on Wednesday, setting a target of $1 billion in domestic production and exports over next few years.

Cisco, which sells a range of networking equipment and software to connect devices to the internet, did not reveal the investment size, but said it will support the growing demand from customers in India and expand supply chain capabilities.