Intel Corp plans to invest $25 million to set up a new technology development centre in India's technology capital of Bangalore and expand its
engineering staff by 60 percent to about 800 by mid-2002, a top company official said.
"We see value in using the engineering resources available in India," Avtar Saini, Intel's director for South Asia told Reuters by electronic mail.
"It's a long-term strategic direction for the company."
Intel, which currently employs 500 engineers in six different locations at Bangalore, plans to consolidate the majority of its activities in the new building, Saini said.
Staff at the Bangalore centre, which is Intel's largest non-manufacturing site in Asia, work on applications and technologies for e-business and develop software and hardware for
networking and communications.
- nriol.com report
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