Chevron Corporation has partnered with RMZ Corporation to establish the Chevron ENGINE, an engineering and innovation centre in Bengaluru, leasing around 0.3 million square feet of commercial space. This state-of-the-art facility aims to harness India's skilled workforce and address global energy challenges, contributing to economic growth. RMZ plans to expand its office portfolio to 50 million square feet across six cities. Both companies underscore India's appeal as a destination for multinational corporations, with a focus on advanced, technology-driven workspaces that promote local talent and support the future of the energy sector.
In a strategic move that underscores India's burgeoning reputation as a global business hub, Chevron Corporation, a leading energy company, has announced a partnership with RMZ Corporation, one of India's largest real estate developers. The partnership involves the establishment of Chevron ENGINE, a new engineering and innovation centre, in Bengaluru.
Chevron has leased approximately 0.3 million square feet of commercial space within RMZ Ecoworld 30-series to house the centre. This state-of-the-art facility will serve as a hub for innovation and technological advancements, contributing significantly to India's economic growth and development. The decision to invest in India reflects the country's favourable economic climate, skilled workforce, and growing technology sector. By setting up the Chevron ENGINE, the company aims to tap into India's vast talent pool and address global energy challenges.
RMZ Corporation's current office space portfolio spans 21 million square feet across various projects under construction. The company plans to expand its portfolio by an additional 30 million square feet in a couple of years, aiming for a total of 50 million square feet of office space distributed across six cities. Thirumal Govindraj, the CEO of RMZ Office and RMZ NXT, stated that India has become the new epicentre for the expansion of Global Capability Centres, with workspaces typically ranging from 50,000 to 100,000 square feet. He mentioned that both established companies and emerging players are in search of advanced, technology-driven workspaces to accommodate their increasing requirements.
Chevron's partnership with RMZ Corporation is a testament to India's attractiveness as a destination for multinational corporations. RMZ Corporation, known for its expertise in developing sustainable and innovative real estate projects, has provided Chevron with a premium workspace that meets its specific requirements. Akshay Sahni, the Country Head at Chevron India, remarked that Chevron ENGINE would empower local talent in India to enhance global operations and projects. He noted that the centre would offer significant work opportunities and play a role in shaping the energy system of the future.
In conclusion, Chevron's partnership with RMZ Corporation to establish the Chevron ENGINE in Bengaluru highlights India's growing appeal as a hub for global business and innovation. This initiative not only aims to harness local talent but also contributes to the country's economic development and the advancement of the energy sector. With a focus on sophisticated workspaces and technological progress, this venture reflects the positive trajectory of India's business landscape.
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