Intel today announced over Rs 1,000 crore investment to expand its R&D presence and build a state- of-the-art design house here to reinforce its commitment to advanced cutting edge R&D and innovation in India. "Such investments will bring tremendous job opportunities and strengthen the IT sector in the country," Karnataka Chief Minister Siddaramaiah said. "I am confident Intel's investments will encourage innovation and bring in more opportunities," Karnataka IT and BT Minister Priyank Kharge said. "This additional capacity will help Intel India consolidate its R&D operations to a large extent at the SRR campus," the statement said. "We look forward to working with the vibrant ecosystem in India and contribute to the country s innovation journey and growth," Intel India General Manager, Vice President of Data Center Group Nivruti Rai said.

Source: dna June 14, 2017 10:17 UTC