Shell to build Rs 1,400 cr technology facility in Bangalore
Dutch oil giant Shell today laid the foundation stone for a new technology facility in the city, which marks the company's expansion into developing technology in Asia.
Though the company refused to divulge the investment of the Global Technology Hub,its third R D centre after Houston in US and Amsterdam in Netherlands, it had sought land for the project from the Karnataka government during the first Global Investors Meet in 2010 and committed an investment of Rs 1,376 crore for building this centre.
Speaking at the launching ceremony of the project Chairman of Shell companies in India, Yasmine Hilton, said the bespoke research and technology site to come up on a 40-acre land near Devanahalli, about 35 km would do research in computation of key technologies in the oil and gas sector.
The R D centre facility of the company had been existing in the city for the past six years but it would now have its own facility.
'We will be expanding out technology hub, our first in Asia, from the current strength of 900 technologists to 1500. The company would hire highly qualified technologists including the PHDs. The specialists would work on some of Shell's key projects globally'.