Q3 Earnings Alert! Plan early for this week’s stock reports with all key data in 1 placeSee list

Cisco CEO meets PM Modi, doubles down on local manufacturing

Published 10-05-2023, 11:57 pm
© Reuters.  Cisco CEO meets PM Modi, doubles down on local manufacturing
CSCO
-

New Delhi, May 10 (IANS) Global networking giant Cisco (NASDAQ:CSCO) Chair and CEO Chuck Robbins on Wednesday met Prime Minister Narendra Modi, and discussed how the company has doubled down on manufacturing to boost exports from the country.

Cisco has announced strategic investments in Indian manufacturing capabilities as the next step in delivering cutting-edge technologies to our customers in India and across the globe.

"Thank you for your leadership, Honorable PM of India, @narendramodi! Thrilled to announce @Cisco is investing in manufacturing in India, with an aim to drive over $1B in combined domestic production and exports," Robbins tweeted.

Cisco has announced it will start manufacturing in India, with an aim to drive more than $1 billion in combined domestic production and exports in the coming years via offering a robust and secure device ecosystem.

India is a key market for Cisco and its second largest R&D centre outside the US.

Since commencing operations in India in 1995, Cisco has focused on helping the country digitise at scale and speed, including accelerating the transformation of critical sectors like transport, agriculture, including through the Country Digitisation Acceleration programme, and building a skilled workforce through the Cisco Networking Academy programme.

"Fuelled by a rapidly developing digital economy, India is a focal point of innovation and business for Cisco, and we remain deeply committed to our partnerships here," according to Robbins.

--IANS

na/vd

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.