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Chevron to invest about $989 mln in India, state minister says
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Chevron to invest about $989 mln in India, state minister says
Aug 22, 2024 1:07 PM

Aug 22 (Reuters) - Chevron ( CVX ) plans to invest 83

billion rupees ($989.20 million) in 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 ( CVX ) 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, said in

an interview with the Times of India published on Wednesday.

($1 = 83.9040 Indian rupees)

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