Chevron to invest Rs 8,300 crore in Karnataka: Minister M B Patil
PTI, Aug 24, 2024, 7:47 PM IST
Bengaluru: 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 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.”
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.
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.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Lone tusker spotted on NH-166 near Karkala, disrupts traffic
Lokayukta police summon Karnataka CM Siddaramaiah for questioning in MUDA case on Wednesday
Man dies after sitting on bursting firecracker box in Bengaluru on Deepavali
Clean-up Drive Conducted at Chitrapura Beach
Bantwal: Theft at ancient Sri Devaki Krishna Ravalnath Temple; Goods worth lakhs stolen
MUST WATCH
Latest Additions
Balasore tragedy result of composite negligence of railway officials: Orissa High Court
Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN
Three convicted for 2016 Kollam collectorate blast case
Expect Canadian government to ensure justice, uphold rule of law: PM Modi
Group clash in Indore after argument over bursting firecrackers: NSA slapped against 2 accused
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.