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.

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