Chevron corp to invest Rs 8,300 cr in Karnataka, says minister Patil

Chevron, a global leader in providing energy solutions, on Saturday announced an investment of Rs 8,300 crore to set up its Engineering and Innovation Centre of Excellence here.

The investment was announced during a high-profile meeting attended by the Karnataka Minister for Large and Medium Industries and Infrastructure Development, M B Patil and others.

"Karnataka has been consistently leading the way in promoting economic growth and development. The collaboration between the state government and Chevron company in implementing this Rs 8,300 crore investment is a clear indication of the significant progress in engineering and innovation in Karnataka. The state government is committed to promoting innovation, economic growth and job creation," he said.

Akshay Sahni, Country Head of Chevron India, shared the company's vision for the new centre and said, "It will provide an opportunity for India's exceptional talent to work with the resources and expertise of our global network to .