Chevron Invests $1 Billion in Bengaluru for Largest Global Innovation Hub

In a major boost to Karnataka’s tech landscape, Chevron, a global leader in energy solutions, has announced a $1 billion investment to set up its largest global innovation center in Bengaluru. This Global Capability Center (GCC) will focus on advanced research in carbon sequestration and support the company’s operations worldwide. 

Chevron’s new facility, ENGINE or the Chevron Engineering and Innovation Excellence Centre, marks a significant milestone for the 145 year old, $200-billion company as it focuses on developing affordable, reliable, and cleaner energy solutions.

Located in Bengaluru, the tech center aims to hire 600 professionals by the end of 2025, with plans to expand further, according to India country head Akshay Sahni in an interview.

“Bengaluru has massive scientific talent, and I am thrilled that we will be building a team here which will be at the very nexus of solving today’s energy challenges and delivering tomorrow’s lower carbon energy solutions,” said Sahini. 

Bengaluru is home to 570 GCCs and commands 39% of India’s market share in the sector. It continues to solidify its status as the premier destination for global capability centers. The city’s talent poll and vibrant tech ecosystem serve as the key drivers for such major investments. 

India’s Tech Scene

India’s tech landscape continues to flourish as Cummins Group in July inaugurated its first IT Global Competency Center (GCC) at its Balewadi campus in Pune, Maharashtra. 

The GCC represents a pivotal component of Cummins’ extensive IT transformation strategy aimed at enhancing operational efficiencies and accelerating time-to-market for its products and services.

Recently, Flutter Entertainment, a global leader in online sports betting and iGaming, also inaugurated a GCC in Hyderabad, signifying a significant investment in the country’s skills market.

Similarly, Microsoft is also expanding its influence in India with the launch of a new innovation hub in Bengaluru, cementing the city’s status as a tech powerhouse.