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

Maharashtra polls: BJP rebel withdraws nomination from Udgir in support of NCP candidate

No one should be displaced over Waqf land issue in Kerala’s Munambam, says CPI

Non-performance of batters is worrying, we will strive to do something special in Australia: Rohit

K-Rail can be implemented if technical issues in design addressed, says Centre

Naxalism will be wiped out from country by March 2026: Home Minister Amit Shah

How biscuits played an unconventional yet key role in anti-terror operation in Srinagar

Koderma stone industry to be revived with Rs 500 cr special package: Shah

Related Articles More

BJP MLA Yatnal calls for indefinite protest against illegal waqf property entries

Udupi: DC clears confusion over ‘Sultanpur’ mention in Dishank App

Accident claims life of biker near Thekkatte

Subrahmanya: Youth assaulted for texting female student

Kadaba: ‘Notion that only English-medium education leads to success is misleading’

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Maharashtra polls: BJP rebel withdraws nomination from Udgir in support of NCP candidate

Tom Holland says he Googles partner Zendaya ‘to see if everything’s good’

No one should be displaced over Waqf land issue in Kerala’s Munambam, says CPI

India and China made ‘some progress’ in disengagement, says EAM S Jaishankar

Non-performance of batters is worrying, we will strive to do something special in Australia: Rohit

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.