Cisco partnered with Flex to develop the manufacturing facility
| Picture Credit score: Particular Association
Networking big Cisco inaugurated its first manufacturing facility in India on Friday (September 27, 2024), situated in Sriperumbudur close to Chennai, Tamil Nadu, that can produce routing and switching merchandise.
Cisco’s intention with the power is to drive $1.3 billion in income, whereas the power can also be anticipated to create 1,200 jobs within the State, stated the corporate.
Union Minister Jyotiraditya Scindia, in addition to Dr. T.R.B Rajaa, Tamil Nadu Minister for Industries, and Chuck Robbins, Chair and CEO of Cisco, addressed the viewers through the inauguration. They burdened on India’s roughly two-decade lengthy relationship with Cisco, the strategic significance of Tamil Nadu, and Cisco’s dedication to the nation.
Cisco partnered with Flex in Chennai to energy the manufacturing facility that can focus first on Cisco’s Community Convergence System (NCS) 540 sequence of routers. Whereas Cisco didn’t disclose the small print of its funding within the nation, Mr. Robbins defined that the corporate’s roadmap for India didn’t have an finish objective of a limiting nature.
He reaffirmed Cisco’s dedication to sustainability targets and pointed to the falling energy consumption of its merchandise over time. His crew additionally confirmed that it’s going to proceed to audit and make sure the honest wages and dealing hours for manufacturing unit workers.
The corporate acknowledged its layoffs whereas noting that it was shifting some investments. Cisco plans to deal with cybersecurity, Synthetic Intelligence, and associated areas.
“India has been an necessary marketplace for Cisco for almost three a long time, and we’re immensely pleased with our progress and partnerships right here. The inauguration of a producing facility in Chennai marks a major development in our dedication to the area,” stated Mr. Robbins.
“The inauguration of the Cisco’s manufacturing facility in India producing superior telecom tools is a testomony to the nation’s rising Atmanirbharta within the international know-how panorama. Sure that the manufacturing unit will strengthen Prime Minister Shri Narendra Modi Ji’s imaginative and prescient of turning into a worldwide manufacturing hub and amplify the holistic development of India’s telecom ecosystem,” stated Mr. Scindia.
Printed – September 27, 2024 05:56 pm IST
