Chevron will invest Rs 8,300 crore in Karnataka, engine will be constructed, 600 engineers will get jobs
Chevron, a leading global energy solutions provider, announced an investment of Rs 8,300 crore to set up its Center of Engineering and Innovation Excellence (ENGINE) in Karnataka. The investment was announced during a high-level meeting, which was attended by Karnataka Minister for Large and Medium Industries and Infrastructure Development MB Patil and others. Infrastructure Development Minister MB Patil said, “Karnataka has consistently been a leader in promoting economic growth and development. The collaboration between the State Government and Chevron Company in implementing this total investment of Rs 8,300 crore is a clear indication of significant progress in engineering and innovation in Karnataka. The state government is committed to promoting innovation, economic growth and employment creation.”
600 engineers will get jobs
Chevron India head Akshay Sawhney shared the company’s vision for the new centre. “This will provide an opportunity for India’s exceptional talent to work with the resources and expertise of our global network to deliver affordable, reliable clean energy,” he said. According to a statement shared by the minister’s office, the center will hire 600 engineers by 2025 in engineering and digital services to accelerate energy system technology innovations.
More than 500 GCCs in Bengaluru
The state has taken exemplary steps to promote technological progress through progressive policies, thereby creating an enabling environment for innovation. The minister said Bengaluru already has more than 500 Global Competence Centers (GCCs) and contributes more than 30 per cent to 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. This 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.
