Chevron to invest $1billion in Bengaluru tech centre
22 Aug 2024
US energy giant Chevron has announced plans to invest $1 billion (around Rs8,390 crore) to set up a center of excellence for engineering and innovation in Bengaluru.
The company said the Chevron Engineering and Innovation Excellence Center (ENGINE), to be set up in Bengaluru, will be a crucial landmark in Chevron’s operations worldwide.
To be spearheaded by Chevron’s incoming country head Akshay Sahni, the Bengaluru tech hub with around 600 engineering professionals will be transformational for low-carbon energy technology, a Chevron release quoted Sahni as saying.
Chevron ENGINE will be crucial to innovative technology solutions for existing as well as future global operations, he added.
Sahni has been with Chevron, leading its engineering teams in Venezuela, China and Kazakhstan, managing assets in Thailand and California. building assets in Bangladesh, delivering key technology in Louisiana and leading Chevron’s global technology strategy out of Houston.
Chevron expects to commence operations at the new technology center, near Balladur, by 2025 and plans to expand operations in stages.
Chevron is also looking for top talent - both in engineering and digital services - to lead special projects enterprise-wide.
By combining Chevron’s global expertise in energy technology and India’s large pool of engineering and technology talent, Chevron will be building a future-ready ecosystem, Sahni said.
