The US-based energy powerhouse Chevronhas announced its intention to invest $1 billion (around Rs. 8,390 crore) to build a technology hub in Bengaluru.

What happened: Chevron on August 20 unveiled its plan to set up the Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru. The company said the move marks a critical milestone in its commitment to India and will play a central role in Chevron’s global activities and projects.

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According to forecasts, the technology center is expected to create around 600 jobs by the end of 2025, and further expansion is planned for the future.

Chevron is also looking for high-caliber talent with specialized skills to support enterprise-wide projects spanning both technical and digital services.

This announcement comes at a time when global centres of excellence are gaining importance and are expected to contribute 3.5 per cent to India’s economic growth by 2030.

Akshay Sahni, incoming Country Head of Chevron India, shared his excitement about strengthening ties with India’s dynamic tech community through the ENGINE center.

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