Energy Giant Chevron To Plough $1B Into India's Bengaluru Tech Centre, Add 600 jobs

This story was originally published on the Benzinga India portal.

United States-based energy powerhouse, Chevron CVX, has said it will inject $1 billion into the establishment of a technology center in the city of Bengaluru, India.

What Happened: Chevron unveiled its blueprint to set up the Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru on August 20. The company said this move signifies a crucial landmark in its commitment to India and will hold a key role across Chevron's worldwide operations and projects.

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The tech hub is projected to create around 600 jobs by 2025, with plans to expand further in the future. 

Chevron is also on the lookout for top-notch talent with specialized skills to back projects across its enterprise, spanning both engineering and digital services.

This announcement comes at a juncture when global capability centers are gaining traction and are anticipated to contribute 3.5% to India's economic growth by 2030. 

Akshay Sahni, the soon-to-be country head at Chevron India, shared his enthusiasm about strengthening ties with India's vibrant tech community through its ENGINE center.

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Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.