Intel announces INR 1100 crores investment to advance its R&D and innovation in Bengaluru
Reinforcing its commitment to advance cutting edge research and development (R&D) and innovation in India, Intel today announced that it will invest over INR 1100 crores* to expand its R&D presence, and build a new state-of-the-art design house in Bengaluru. The proposed facility will be located at Intel’s 44-acre campus on Sarjapur Ring Road (SRR) in Bengaluru, Karnataka.
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.