STATES
Chevron lines up Rs 8,300 crore to set up engineering centre in Bengaluru
- IBJ Bureau
- Aug 25, 2024
Chevron, a global leader in providing energy solutions, on Saturday announced an investment of Rs 8,300 crore to set up its Engineering and Innovation Centre of Excellence in Bengaluru.
The investment was announced during a high-profile meeting attended by the Karnataka Minister for Large and Medium Industries and Infrastructure Development, M B Patil, and others.
“Karnataka has been consistently leading the way in promoting economic growth and development. The collaboration between the State government and Chevron in implementing this Rs 8,300-crore investment is a clear indication of the significant progress in engineering and innovation in Karnataka. The State government is committed to promoting innovation, economic growth and job creation,” he said.
Akshay Sahni, the Country Head of Chevron India, shared the company’s vision for the new centre and said: “It will provide an opportunity for India’s exceptional talent to work with the resources and expertise of our global network to provide affordable, reliable clean energy.”
According to a statement shared by the minister’s office, the centre will hire 600 engineers by 2025 in engineering and digital services to accelerate energy system technology innovations. The State has taken exemplary steps to promote technological progress through progressive policies that have created an enabling environment for innovation.
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