Intel India set to invest Rs 1,100 Crore to expand its research and development centre in Bengaluru
Source :News Bharati English   Date :15-Jun-2017

Bengaluru, June 15: Intel India, the US-based chip design company, is all set to invest Rs 1,100 Crore in expanding its research and development centre. The announcement was made on Wednesday causing a ripple of happiness in the IT capital of India, as this will make the facility the largest such centre outside the US.

The latest investment will be in addition to the Rs28, 000 Crore the company has invested since 1999. With this it will also add around 3,000 new jobs in around 18 months. This has come as a welcome measure for the Indian IT ITES sector that has been reeling under the pressure of job cuts for past few months. The new facility is part of the chip maker’s efforts to consolidate its operations on one campus.

“Intel India plays a 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 group at Intel, said in a statement on Wednesday. He added the new facility would be completed in about 13 months.

The “smart and green” building will be constructed using “One storey High Technology” with each floor being built on the ground which is then lifted and attached to the top of the building and then built from the roof downwards. The company said that the new technology would reduce construction time by around 30% for the 620,000 sq. ft feet new facility, including lab capacity when compared to traditional practices. Spread over an area of eight acres, this facility will be part of Intel’s existing 44-acre campus on Sarjapur Ring Road in Bengaluru.