Chevron to invest about $989 Mn in India
22 Aug 2024 CW Team
Chevron plans to invest $989.20 millionin India's Bengaluru, in what will be the oil and gas firm's largest tech center outside the United States, a minister with the state government of Karnataka said late Wednesday.
Chevron's proposed new research and development hub will create 600 engineering jobs, Karnataka Commerce & Industries, and Infrastructure Minister MB Patil said in a post on social media platform X.
The billion-dollar investment will be spread over 5-6 years, with the company aiming to hire over 600 employees by the end of 2025, Akshay Sahni, the incoming head of Chevron India.