The India manufacturing setup will include testing and development facilities, as well as a logistics network to support its domestic supply chain. Cisco will also expand its domestic hardware repair operations, and reduce the time taken for supplying hardware to enterprises in the country and abroad
The factory is expected to be operational in 12 months and will generate $1 billion in total revenue including exports, said Chuck Robbins, chairman and chief executive of Cisco, who is in a visit to India
The minister further said the Centre is also focused on Digital India RISC-V (DIR-V) programme for next generation microprocessors to achieve commercial silicon and design wins, according to a release by the organisers.
According to data, over the last five years, every three in four laptops that India has imported have come from China alone. However, that figure has been decreasing over the last few years.