Intel India To Invest Rs 1100 Crore To Expand R&D
Technology major Intel said it will invest Rs 1,100 crore to expand its R&D presence, and build a new state-of-the-art design house in Bengaluru, which can reportedly create over 3,000 jobs. The new round of investment is an addition to its already Rs 28,000 crores investment in the country in nearly two decades till 2016, indicating that the chipmaker recognized the growth potential in India early, and continues to bet big on its market.
The proposed facility will be located at Intel’s 44-acre campus on Sarjapur Ring Road in Bengaluru. With approximately 620,000 sq. ft. of space including lab capacity, the new building with specialized infrastructure will be used for design and verification purposes. This additional capacity will help Intel India consolidate its R&D operations to a large extent at the SRR campus.
Designed to be a `smart and green’ building, the upcoming facility, SRR4 will be constructed using ‘One Storey High Technology’, with each floor being built on ground, then lifted and attached to the top of the building, and then built from the roof downwards. This Technology will enable reduction of scheduled construction time by 30 percent, as compared to traditional construction methods. The second such building in India, it will be constructed entirely by local contractors. 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.
“Karnataka has always been in the forefront when it comes to the IT industry, being the centre of investment, our Invest Karnataka initiative is proving its worth with such beneficial investments in the recent years. Such investments will bring tremendous job opportunities and strengthen the IT sector in the country.” said Siddaramaiah, Chief Minister of Karnataka.
“Bengaluru 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. This is one of the many investment agendas that we have planned for the state. I’m confident that Intel’s investments will encourage innovation and bring in more opportunities” said Priyank Kharge, IT, BT Minister, Government of Karnataka.
“Intel India plays a very strategic role in Intel’s growth, with significant contributions to Intel’s technology and product leadership,” said Nivruti Rai, Intel India general manager, vice president of Data Center Group. “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. We look forward to working with the vibrant ecosystem in India and contribute to the country’s innovation journey and growth”.
Intel India is Intel’s largest design center outside the U. S. In the past 17 years since the company started its R&D operations in the country, Intel has consistently invested in growing its R&D and innovation presence here. It has invested in hiring and developing talent, state-of-the-art facilities, and innovation and entrepreneurship programs.
Intel also announced that it has partnered with Department of Science and Technology (DST) to work on technologies that can benefit people even in the rural and remotest regions. The India development centre will also work on emerging technologies like IoT and AI where its latest Atom processor A3900 series, which has been designed for some of the IoT-related applications.
Internet of Things (IoT) in India is expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted that the market value of IoT is expected to reach $9 billion by 2020
- Artificial Intelligence Transforming India's Education Sector
- Cyber Security Jobs At Premium As India Goes Digital
- Enterprise Networks: Things To Focus On In 2018
- What Makes Samsung Bullish On India Market?
- Governance, Risk and Compliance- Trends and Predictions
- Trends In Information Management: An India Perspective
- Which Sector Will Be The First To Go 100% Robot?
- RBI Reiterates Its Warning On Bitcoins
- Xiaomi To Make Fresh Investments, Set Up More Plants In India
- Infor Looks To Triple Its India Revenue By 2020