Cisco tests 'Make in India' waters with $5-b proposal.

US technology major Cisco has submitted a proposal to the government saying it is ready to invest $5 billion over the next 5 years to kick-start a manufacturing ecosystem in India.

The money will be used to set up a production facility with contract manufacturing partners. Cisco has indicated that it could look at producing set-top boxes, IP phones, routers, and switching equipment.

The facility could create 1,000 direct jobs and 10,000 indirect ones, according to the proposal submitted by the company. The networking major has, however, sought a favourable policy in return for its investment.


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