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A Cisco office is pictured in San Diego, California November 12, 2012. Tech investors hoping for good news may have to look further than Cisco Systems Inc's quarterly report as analysts expect Chief Executive John Chambers to be pessimistic in his forecast for the coming year. REUTERS/Mike Blake (UNITED STATES - Tags: BUSINESS LOGO) - RTR3ABR6
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)
