Cisco Will Set Up Its First Indian Manufacturing Plant In Pune

Cisco Systems, Inc. is an American multinational technology company headquartered in San Jose, California, that designs, manufactures and sells networking equipment. The Cisco has announced that it will set up its first Indian manufacturing plant in Pune. Cisco executive chairman John Chambers on Sunday suggested businesses not to 'miss the bus' as the India is in sync with the speed of innovation in the current digital age and tagged the country as the best investment spot of the current time.

"Eighteen months ago, I said if you want to bet on one country, it is India as the country is in sync with the speed of innovation in the current digital age," Chambers said at the CNN Asia Business Forum 2016 organised as part of ongoing Make in India (MII) Week in Mumbai. He further added, "Anticipating the market and adapting to change in market dynamics, India is moving at a fast pace in the digital era".

Chambers said that regardless of political divides, Indians have to come together for growth as not every company in this world would become technology-based, and 40 percent of non-tech companies running today will disappear in the next 10 years. "If you still haven't invested in India you may miss the bus," Chambers said. "The ability to do that in auto-motives in which you are making huge progress, to expand that to electronics, to expand that to hi-tech and pharmaceuticals is within our grasp". Yesterday, he also said, "When you think about India the opportunity is very simple to become the manufacturing hub for Asia". "India will become a country that will leapfrog your counterpart in global basis and India will be a country that no longer follows what others have done but leads in terms of innovation and leadership," Chambers had said.

Speaking at the Make In India forum today, GE president and CEO (South Asia) Banmali Agrawala said, "India is a highly innovative place...we're pressing the pedal on getting digital".