Intel investing Rs 1,100 cr in India afresh

Bengaluru June 14 (IANS) World s leading chip maker Intel Corporation will invest Rs 1 100 crore ($169 million) in India to expand its Research and Development (R&D) centre in this tech hub said an official on Wednesday.

We are investing Rs 1 100 crore in our upcoming R&D centre in Bengaluru as part of our India expansion plans said Intel India General Manager Nivruti Rai at a news conference on the US-based multinational s investment and expansion plans in the sub-continent.

Karnataka Chief Minister Siddaramaiah and IT Minister Priyank Kharge were also present on the occasion.

--IANS
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