After Apple announced the start of iPhone manufacturing in India, it’s Intel who has decided to strengthen their grounds. World’s leading chip maker Intel Corporation has announced the investment of $178 Million (about Rs 1100 Crore) to set up a new Research and Development (R&D) center in this tech hub and build a new state-of-the-art design house in Bangalore, India.
The proposed facility that will be located at Intel’s 44-acre campus which will be used for chip design and verification purposes. The new facility will also create about 3,000 jobs over the next 18 months.
Nivruti Rai, General Manager India and VP of Data Center Group, said: ” Intel India plays a very strategic role in Intel’s growth, with significant contributions to Intel’s technology and product leadership. We are excited about expanding our best-in-class R&D infrastructure in India that will enable us to continue our momentum in doing cutting-edge innovation and design work from India. We look forward to working with the vibrant ecosystem in India and contribute to the country’s innovation journey.”
The building will be an eight-acre campus will also have a computer software development and hardware design services facility and 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.
Intel India arm is registered with the state-run Software Technology Park India (STPI) under the 100% export oriented unit scheme of the government and is largest design center outside the United States.
With the fresh investment is in addition to $2 billion (roughly Rs. 12,852 crores) the chip maker had invested in the country till 2016.
Commenting on the expansion, Priyank Kharge, Minister of Information Technology & Biotechnology, Government of Karnataka, said: ” Bangalore has the right potential required for growth in the IT industries and such an investment will propel the state and in turn move the country forward in achieving greater heights. I’m confident that Intel’s investments will encourage innovation and bring in more opportunities.”