Intel India Head Nivruti Rai Resigns to Join Invest India as CEO
Written by Sanjay Kumar
In a surprising development, Nivruti Rai, the head of Intel India, has announced her resignation after an illustrious 29-year career with the renowned chip-maker. While the news of her departure has been widely circulated, reports suggest that Rai is poised to take on the role of Managing Director and CEO at Invest India, a non-profit organization operating under the Department of Industrial Policy and Promotion of the Ministry of Commerce. However, the accuracy of these reports has not been independently verified by Business Connect Magazine.
During her tenure at Intel, Rai held several significant positions, including her most recent role as the India head and Vice President of Intel Foundry Services. Under her leadership, Intel India achieved remarkable progress and has become the company’s largest engineering site outside of the United States. In a statement to IANS on Friday (June 23), Intel expressed gratitude for Rai’s contributions, stating, “We’re grateful to Nivruti for the tremendous progress Intel India has made under her leadership.”
Intel India further added, “Today, Intel India is our largest engineering site outside the US and a critical talent base for the company. We will have more to share soon about Intel India’s leadership plans, and we wish Nivruti all the best in her next chapter.”
Rai joined Intel in 1994 as a design engineer and steadily ascended through the ranks, demonstrating her expertise and commitment to the company’s growth.
Invest India, the organization rumored to be welcoming Rai as its new MD and CEO, is renowned for its efforts in promoting investment and fostering economic growth. Operating under the Department of Industrial Policy and Promotion of the Ministry of Commerce, Invest India plays a crucial role in facilitating business development and attracting investments from both domestic and international entities.
Last year, Intel India inaugurated a state-of-the-art design and engineering center in Bengaluru, further enhancing its presence in the country. This center has provided Intel employees with an exceptional environment for innovation, fostering collaboration, and driving customer-focused product development. With top-notch design facilities in Bengaluru and Hyderabad, Intel’s design and engineering center in India represents the company’s largest establishment of its kind outside the United States.
As of June 2022, Intel’s investments in India have surpassed $8 billion, reflecting the company’s commitment to expanding its research and development footprint in the country. With Rai’s departure and the imminent appointment of a new leader for Intel India, the company is expected to continue its endeavors to strengthen its position in the Indian market and contribute to the nation’s technological advancement.
The future of Intel India and the potential transition of Nivruti Rai to Invest India’s leadership will undoubtedly be closely watched by industry observers and Intel enthusiasts alike. Stay tuned for further updates on this significant development.
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