Intel India country head Nivruti Rai steps down; to lead Invest India: Report
Rai takes over from Invest India Managing Director and Chief Executive Deepak Bagla who resigned in March.
India chief Nivruti Rai has announced that she will step down after 29 years with the company. In her most recent role, Rai served as India head and vice president of Intel Foundry Services.
The New Indian Express reported that Rai is likely to be appointed as MD and CEO of Invest India.
Invest India is a non-profit organisation under the Department of Industrial Policy and Promotion of the Ministry of Commerce.
Intel India, Intel's largest engineering hub outside the US, will announce its leadership succession plans in due course.
Rai, who had joined Intel in February 1994 as a design engineer and worked in the US till 2005, moved to Bengaluru in September same year to take up the role of senior director of chipset engineering and intellectual property development.
She has been instrumental in driving the company's growth and establishing its presence as a key player in the Indian technology landscape during her tenure at the company.
Through her visionary leadership and strategic acumen, she has spearheaded various initiatives and transformed Intel India into one of its key centres for innovation, research and development outside the US.
Intel India underwent remarkable expansion and diversification under Rai's leadership. She fostered collaborations with Indian academic institutions and startups and facilitated the growth of Intel's workforce in the country and led the establishment of state-of-the-art research and development facilities.
The copy was updated for correction.
Edited by Suman Singh