US-based Chevron to invest $1 bn to set up tech facility in Bengaluru

Akshay Sahni, Incoming Country Head, Chevron India

The US-based energy solutions company Chevron on August 20 announced that it will invest about $1 billion to set up a tech centre in Bengaluru.

"The Chevron Engineering and Innovation Excellence Center (ENGINE) in Bengaluru... marks a significant milestone in Chevron’s commitment to India and will play a key role across Chevron’s global operations and projects," the company said in a release.

Chevron aims to fill up around 600 positions by the end of 2025, with plans to add more over time. The company will seek to recruit top-tier talent with specialised skills to support projects across Chevron’s enterprise, encompassing both engineering and digital services.

The announcement comes at a time when Global Capability Centres (GCCs) picked up pace in recent years and are expected to contribute 3.5 percent to India's GDP by 2030.

“At Chevron ENGINE, we aim to create a collaborative and inclusive work environment where our talented workforce can partner across our global network to catalyse and accelerate technological innovation for the energy system,” Akshay Sahni, incoming country head at Chevron India, was quoted as saying in the release.

The company said the centre will create opportunities for local professionals to work on the challenge of meeting global energy demands and building low-carbon energy systems of tomorrow.

“We are thrilled to deepen our roots in this dynamic tech community. Chevron ENGINE allows us to bring together India's vast pool of exceptional talent with resources and expertise from our global network to deliver affordable, reliable, and ever-cleaner energy for a growing world,” said Sahni.