Former Intel India Chief Nivruti Rai Likely To Head Invest India

SUMMARY

Rai was Intel India's head and vice-president of Intel Foundry services

Back in 1994, Rai joined Intel as a design engineer where she rose through the ranks

Rai is likely to be appointed as the MD and CEO of Invest India, the government’s investment promotion agency

After a stint of nearly three decades at the company, Intel India chief Nivruti Rai has resigned from the company. Interestingly, Rai is likely to be appointed as the MD and CEO of Invest India, the government’s investment promotion agency, New Indian Express reported.

Rai was Intel India’s head and vice-president of Intel Foundry services.

Back in 1994, Rai joined Intel as a design engineer where she rose through the ranks.

For the first part of her journey at Intel, Rai worked in the United States from 1994 to 2005. In September 2005, she shifted to Bengaluru, assuming the role of senior director of chipset engineering and intellectual property development.

“We’re grateful to Nivruti for the tremendous progress Intel India has made under her leadership. 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 leadership plans and we wish Nivruti all the best in her next chapter,” Intel said in a statement.

While the government has failed in attracting any serious semiconductor player despite giving out subsidies for setting up units in the country, Rai’s appointment will be a strategic hiring.

This comes after a few months when Deepak Bagla, former managing director and CEO of Invest India, stepped down after a Ministry of Commerce audit questioned the work accomplished by the investment promotion body.

Following Bagla’s resignation, Manmeet Nanda, the joint secretary in the department for the promotion of industry and internal trade, was given the additional charge as Invest India MD and CEO.

Meanwhile, during Prime Minister Narendra Modi’s ongoing US visit, the two countries have signed an MoU on semiconductor supply chain and innovation partnership to initiate coordination on semiconductor incentive programs between the two countries.

Last month,Tesla representatives visited India to meet key ministries, including the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Heavy Industries.