Chevron to invest Rs 8,300 crore in Karnataka: Minister MB Patil
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.
Karnataka: Always the Investor's Favorite Destination!
— M B Patil (@MBPatil) August 24, 2024
Our government is committed to taking Karnataka’s ecosystem to greater heights!#Chevron #InvestInKarnataka #ReimaginingGrowth pic.twitter.com/o9as9Pjm6i
ಭಾರತದ ಅತಿದೊಡ್ಡ ಆರ್ & ಡಿ ಹೂಡಿಕೆಯೊಂದನ್ನು ಗಳಿಸುವಲ್ಲಿ ಕರ್ನಾಟಕ ಯಶಸ್ವಿ!
— M B Patil (@MBPatil) August 24, 2024
ಅತ್ಯಾಧುನಿಕ ಆರ್ & ಡಿ ಕೇಂದ್ರ "ಎಂಜಿನ್" (ENGINE) ಸ್ಥಾಪಿಸಲು @Chevron, ರಾಜ್ಯದಲ್ಲಿ ರೂ. 8,300 ಕೋಟಿ ($1 ಬಿಲಿಯನ್) ಹೂಡಿಕೆ ಮಾಡಲಿದೆ. ಈ ಮಹತ್ತರ ಹೂಡಿಕೆ ನಮ್ಮ ರಾಜ್ಯದ ಉದ್ಯಮ ಮತ್ತು ವ್ಯವಹಾರಸ್ನೇಹಿ ನೀತಿಗಳ ಸಫಲತೆಯನ್ನು ಮತ್ತೊಮ್ಮೆ… pic.twitter.com/WxDStHfk7J
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RBI Governor hospitalised
Chennai (PTI): Reserve Bank of India Governor Shaktikanta Das has been admitted to a corporate hospital here, a source said on Tuesday.
He was being monitored, the source said without divulging details. There was no immediate official information from the hospital.
