Intel to invest Rs 1,100 cr in B'luru

Intel to invest Rs 1,100 cr in B'luru

Since 1999, Intel has invested over Rs 28,000 crore in India

Intel to invest Rs 1,100 cr in B'luru

 Reinforcing its commitment to invest in Karnataka, technology giant Intel on Wednesday announced that it will invest over Rs 1,100 crore to expand its R&D presence, and build a new design house in Bengaluru.

The proposed facility will be located at the company’s 44-acre campus on Sarjapur Ring Road (SRR), on approximately 6.2 lakh sq feet of space. This additional capacity will help the California-headquartered company to consolidate its R&D operations to a large extent. The Bengaluru facility of Intel is its largest design centre outside the US, the company said.

According to Intel, the building will be equipped with IoT-based smart features, including smart lights and real-time occupancy management, and will use renewable energy sources like solar and fuel cell-based power.

The company made this announcement at a function presided by Chief Minister Siddaramaiah, in the presence of IT and BT Minister Priyank Kharge. “Intel's investment will bring tremendous job opportunities and strengthen the IT sector in the country,” Siddaramaiah said.

“Intel India plays a very strategic role in Intel’s growth, with significant contributions to Intel’s technology and product leadership,” Nivruti Rai, Intel India general manager, vice president of Data Centre Group said.

Recognising the potential in India early, Intel has invested over Rs 28,000 crore in the country, since 1999.

 “We are excited about expanding our best-in-class design capabilities in India that will enable us to continue our momentum in doing cutting-edge innovation and design from India,” she added.