Advertisement
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 company 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, 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.”
Related Articles
Advertisement
The minister noted that Bengaluru is already home to more than 500 Global Competence Centres (GCCs) and accounts for more than 30 per cent of India’s GCCs, including finance, healthcare, retail, manufacturing and other sectors.
Chevron Centre of Excellence (ENGINE) will create significant employment opportunities for local professionals. It will allow 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, the statement said.
Patil explained the Chevron team that will be 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 for technology, innovation and skill development. This investment reflects the importance of Karnataka as an important destination for global companies,” it stated.