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Intel invested Rs 1100 crore ($ 17.8 million) in India and will create 3000 jobs

The world's leading chip maker, Intel Corporation, has invested Rs 1,100 crore ($ 17.8 million) in India, thereby establishing a new Research and Development Center (R & D). "We are going to set up an R & D center in Bangalore with an investment of Rs 1,100 crore, which is part of our expansion plan in India," said Nivruti Roy, general manager of Intel India.

Intel's new R & D campus will spread over 44 acres, where around 3,000 jobs will be created in the next 18 months. There will also be a computer software development center, hardware design services and Verification facility.

Rai said, "This will be a nine-storey building, where 6,20,000 sq ft will be office space. It will be completed in the next nine months. "Apart from this new investment, the company has invested Rs 28,000 crore in the country in the last 15 years and has set up the largest design center here outside the US.

Karnataka Chief Minister Siddaramaiah said that the state's investment Karnataka initiative is proving its value, because such investments will create jobs and the country's IT industry Will get strength

Image Source : livemint

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