The minister noted that Bengaluru is already home to over 500 Global Competence Centres (GCCs). | Source: Chevron Official Website
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 here.
The investment was announced during a high-profile meeting attended by Karnataka Minister for Large and Medium Industries and Infrastructure Development MB Patil and others.
“Karnataka has consistently been a leader in promoting economic growth and development. The collaboration between the state government and Chevron to implement 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.
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Akshay Sahni, Country Director, Chevron India, shared the company’s vision for the new center, saying, “It will provide an opportunity for India’s exceptional talent to work with the resources and expertise of our global network to deliver affordable and 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 technological innovations in the energy system. The state has taken exemplary steps to promote technological progress through progressive policies that have created an enabling environment for innovation.
The minister noted that Bengaluru is already home to over 500 Global Competence Centres (GCCs) and accounts for over 30 per cent of India’s GCCs, including finance, healthcare, retail, manufacturing and other sectors.
The Chevron Center of Excellence (ENGINE) will create significant employment opportunities for local professionals, enabling them to respond to the challenge of meeting current global energy demands and contribute to the production of clean, low-carbon fuels in the future, according to the statement.
Patil explained that the Chevron team operating here will execute complex global operations and energy projects in collaboration with international stakeholders.
“The establishment of the Chevron Centre of Excellence in Bengaluru will be in line with the Government of Karnataka’s priorities in technology, innovation and skill development. This investment reflects the importance of Karnataka as a major destination for global businesses,” he said.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: August 24, 2024 | 19:18 IS
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