Bangalore: 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, says R V Deshpande, minister for large and medium industries.

Intel has chosen to establish this additional facility in Bangalore against several international competing locations like Malaysia, Russia and China. "This goes to reaffirm the leadership position of Bangalore as a leading technology city in the world," he adds.

Intel''s proposal was among the 12 projects with proposed investment of Rs 3,620.33 crore and employment potential of 68,364, cleared by a high-level committee meeting chaired by Karnataka Chief Minister S M Krishna.

The construction of the campus-style Intel development centre for design and development of next-generation microprocessors, semi-conductors and memory products will start next month and is expected to be operational in eight-to-10 months, says Deshpande.

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.