Cisco to expand India investment plans, Robbins says
In short
Cisco said it will put more money into India even though a US trade deal is still pending. The company says more than half of what it makes in India is shipped to other countries.
This could mean more factory, chip-design and supplier work in India. It is still not clear how the trade deal will affect the plan.
What the reporting says
Cisco plans to expand investments in India despite a pending US trade deal, according to CEO Chuck Robbins. The company said more than half of its India-made products are exported globally, and it wants to deepen manufacturing, chip design and local supplier networks. The immediate implication is more activity in India’s tech ecosystem, while the final shape of the trade deal is still unknown.
Why it matters
Cisco plans to deepen manufacturing, chip design and local supplier networks in India, according to CEO Chuck Robbins. The company said more than half of its India-made products are exported globally. That points to India’s role as a production and technology base for Cisco, but the reporting does not state the investment size, timing or any trade-deal terms.