This story was originally published in Benzinga India Portal.
US-based energy powerhouse, Chevron CVXhas said it will invest $1 billion in setting up a technology hub in the Indian city of Bengaluru.
What happenedChevron unveiled its plan to establish the Chevron Engineering and Innovation Center of Excellence (ENGINE) in Bengaluru on August 20. The company said the move marks a crucial milestone in its commitment to India and will play a key role in Chevron's global 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 seeking top-tier talent with specialized skills to support projects across its business, spanning both engineering and digital services.
This announcement comes at a time when global capacity hubs are gaining traction and are projected to contribute 3.5% to India’s economic growth by 2030.
Akshay Sahni, the upcoming Country Director of Chevron India, shared his enthusiasm for strengthening ties with India’s vibrant technology community through its ENGINE hub.
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Disclaimer: Artificial intelligence was used as a secondary aid in the writing of this story.
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