Technology firm Cisco announced on Wednesday that it would start manufacturing operations in India as it seeks to create a “more diverse and resilient global supply chain and support India’s vision of becoming a global manufacturing hub”.
The manufacturing facility in Tamil Nadu would create 1,200 jobs, Cisco Chair and CEO Chuck Robbins said in a press conference. The company said it aimed to achieve $1 billion in combined domestic production and exports in the “coming years”.
“Welcome aboard, Cisco,” Union Minister for Electronics and Information Technology Ashwini Vaishnaw tweeted shortly after the announcement.