Intel plans to set up a development centre in Bangalore with a capacity to house 3,000 software and electronics professionals, at a cost of $41 million, a senior Karnataka minister said on Tuesday.
Intel has chosen to establish this additional facility in Bangalore against several international competing locations like Malaysia, Russia and China, large and medium industries minister, R V Deshpande said.
"This goes to re-affirm the leadership position of Bangalore as a leading technology city of the world," he told reporters in Bangalore.
Intel's proposal was among the 12 projects with proposed investment of Rs 3,620.33 crore (Rs 36.203 billion) and employment potential of the order of 68,364, cleared by the high level committee meeting chaired by chief minister S M Krishna, on Monday.
Construction of the campus-style Intel development centre for design and development of next generation microprocessors, semi conductors and memory products, would start next month and it is expected to be operational in eight to ten months, Deshpande said.
According to him, the work done in this Bangalore centre of Intel would focus on cutting edge technologies in the area of hardware and software design and development, validation, system engineering and development and R&D services for the parent company.
Deshpande also said that TVS Motor Company has proposed to set up a Rs 500 crore (Rs 5 billion) new facility at Nanjanagud in Mysore district to manufacture 500,000 two wheelers and three/four wheel (Quadra cycles) automotive vehicles per annum.
The project (Unit-II) would provide direct employment to 900 people and create indirect employment opportunities for more than 4,500 people, large and medium industries minister, the minister said.
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