U.S. tech giant Cisco Systems will set up a manufacturing facility in India as it aims to diversify its global supply chain, Chief Executive Officer Chuck Robbins said on Wednesday.

Cisco, which sells a range of networking equipment and software to connect devices to the internet, in next years is targeting over $1 billion in exports and domestic production combined, Robbins added. (Reporting by Munsif Vengattil in New Delhi, Editing by Louise Heavens)