Intel India announced investment of Rs 1100 Crore to expand its R&D and build a new state-of-the-art design house in the outskirts of the City.
The new building will be coming up on 620,000 sq. ft. withspecialized infrastructure to be utilised for design andverification purposes. This additional capacity will help IntelIndia consolidate its R&D operations to a large extent at the SRR campus.
Designed to be a `smart and green’ building, the upcomingfacility, SRR4 will be constructed using ‘One Storey HighTechnology’, with each floor being built on ground, then lifted andattached to the top of the building, and then built from the roofdownwards. This Technology will enable reduction of scheduledconstruction time by 30 percent, as compared to traditionalconstruction methods. The second–such building in India, it will beconstructed entirely by local contractors. The building will beequipped with IoT-based smart features, including smart lights andreal-time occupancy management, and will use renewable energysources like solar and fuel cell-based power.
Speaking on the occasion, Karnataka Chief Minister Siddaramaiah said that “the State 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.”
Minister for IT, BT Priyanka Kharge said that “Bengaluru has theright potential required for growth in the IT industries and such aninvestment will propel the state and in turn move the countryforward in achieving greater heights. This is one of the manyinvestment agendas that we have planned for the state. I’m confidentthat Intel’s investments will encourage innovation and bring in more opportunities.”
Intel India General Manager, Vice President of Data Center Group Nivruti Rai said that “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 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,”Mr Rai said.
Intel to invest Rs 1100 Cr to expand its R&D
