Intel plans $1 billion investment in India
BBC reports that, " Intel, the world's largest chipmaker, plans to invest $1bn (£576m) in India over the next five years.The firm will spend $800m on boosting its research and development operation, with the rest of the cash being used to finance investment in firms.Intel's division in Bangalore is the company's biggest non-manufacturing operation outside of the US.Intel said it was in talks with the government about manufacturing chips in India, although it added that it had yet to make a decision as to when, if at all, that would happen. "
Intel has apparently asked for a lot of sops from the Govt for its manufacturing site and the govt was reluctant to agree to some of the terms. Will Mr.Maran be successful in wooing Intel ?
BBC reports that, " Intel, the world's largest chipmaker, plans to invest $1bn (£576m) in India over the next five years.The firm will spend $800m on boosting its research and development operation, with the rest of the cash being used to finance investment in firms.Intel's division in Bangalore is the company's biggest non-manufacturing operation outside of the US.Intel said it was in talks with the government about manufacturing chips in India, although it added that it had yet to make a decision as to when, if at all, that would happen. "
Intel has apparently asked for a lot of sops from the Govt for its manufacturing site and the govt was reluctant to agree to some of the terms. Will Mr.Maran be successful in wooing Intel ?
posted by Cogito at
10:28 PM
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