Intel Corporation is investing Rs 11 billion in India to set up a new Research and Development centre in Bengaluru.
The new R&D facility in a 44-acre sprawling campus will also have a computer software development, hardware design services and verification facility. The fresh investment is in addition to $4.3 billion (Rs 28,000 crore) Intel invested in the country over the last 15 years since it set up here its largest design centre outside the US.
The company’s Indian subsidiary has about 7,000 techies to design and power semiconductor chips for its global customers, including original equipment manufacturers of computers, smart phones and other electronic devices. Karnataka Chief Minister Siddaramaiah and IT Minister Priyank Kharge were also present at the event.
Unveiling the new facility’s blueprint, Siddaramaiah said the state’s “Invest Karnataka” initiative was proving its worth as such investments would create jobs and strengthen the IT industry in the country. Kharge said Bengaluru had huge potential for growth and more investments in the IT sector would propel the state and the country to greater heights.
The state high-level clearance committee, headed by the Chief Minister, cleared the company’s investment proposal on February 1, 2016, and the Karnataka Industrial Development Board allocated it land in the city’s south-east suburb.
The company’s India operations focus on R&D, hardware design, testing and validation of computer hardware and software products for the next-generation digital devices.
The Intel India arm is registered with the state-run Software Technology Park India (STPI) under the government’s 100 per cent export-oriented unit scheme.
By Baishakhi Dutta
