Intel has on Wednesday announced an investment of over Rs 1,000 crore to expand its R&D presence and build a state-of-the-art design house in Bengaluru. The company said that the move is to reinforce its commitment to advanced cutting edge R&D and innovation in India. Reports also suggest that the move will generate 3000 jobs amid layoffs in the IT industry.
Applauding the move, Karnataka Chief Minister Siddaramaiah said that such investments will bring tremendous job opportunities and strengthen the IT sector in the country. A statement by Intel also quoted the CM saying that Bengaluru has the right potential required for growth in the IT industries. “Such an investment would propel the state and in turn move the country forward in achieving greater heights,” he said.
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The lab will be based at Intel’s 44-acre campus in Bengaluru and will be used for design and verification purposes.
The new building with specialised infrastructure will be spread in approximately 620,000 square feet of space. Intel statement said that the “additional capacity will help Intel India consolidate its R&D operations to a large extent at the SRR campus.”
This lab will be the second building of this type that will be set in India and will be equipped with IoT-based smart features. Constructed entirely by local contractors, the building will have smart lights and real-time occupancy management. The building will also put renewable energy sources like solar and fuel cell-based power to use.
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Karnataka IT and BT Minister Priyank Kharge also expressed confidence in Intel and said that that he hoped that the company’s investments will encourage innovation and bring in more opportunities.
Intel India General Manager, Vice President of Data Center Group Nivruti Rai also added that they are looking forward to working with the “vibrant ecosystem in India and contribute to the country’s innovation journey and growth.”
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