US based MNC and global chip manufacturer Intel Corporation has announced an investment of over Rs.1100 crore ($170 million) for its upcoming Research and Development (R&D) centre in Bangalore. The new 620,000 sq. ft. facility is intended for design and verification activities, and will be powered by renewable energy sources. The company's India operations focus on R&D, hardware design, software development and device manufacturing. The new facility will enable us to continue our momentum in doing cutting-edge innovation and design work from India, said Nivruti Rai, Intel India General Manager. The investment proposal was cleared on February 1, 2016 by the state high-level clearance committee, headed by the Chief Minister. The Karnataka Industrial Development Board allocated land for the new 9-storey building to be located in Bangalore's south-east suburb, where Intel's 44-acre campus currently stands. Since its entry into the subcontinent in 1999, Intel has invested over Rs. 28,000 crore in India. India remains Intel's largest Research & Development (R&D) site outside of the US, where it is headquartered in California. The company currently employs over 7000 people in India.