Chevron Global Technology & Services has leased 300,000 sq ft of office space from RMZ Corporation in Bengaluru for its $1 billion Chevron Engineering and Innovation Excellence Center (ENGINE). This move highlights India’s growing role as a hub for Global Capability Centres (GCCs) and RMZ’s leadership in premium office spaces.
In a significant move, Chevron Global Technology & Services has leased approximately 300,000 square feet of commercial space in Bengaluru from real estate giant RMZ Corporation. This space will house the $1 billion Chevron Engineering and Innovation Excellence Center (ENGINE), part of RMZ’s ‘Ecoworld 30-series’ project. The new facility underscores Chevron’s commitment to expanding its global operations and leveraging India’s talent pool.
Expanding RMZ’s Portfolio
The lease agreement allows further expansion, signalling Chevron’s long-term presence in India. RMZ Corporation, currently developing 21 million square feet of office projects, has ambitious plans to increase its portfolio to 50 million square feet across six major Indian cities within 2-3 years. This growth strategy aligns with India’s rising status as a hub for Global Capability Centres (GCCs), with many multinational companies seeking advanced, tech-driven workspaces.
“India’s significance as a GCC hub is rapidly increasing, driven by the demand for multifunctional, high-tech office spaces ranging from 50,000 to 100,000 square feet,” said Thirumal Govindraj, CEO of RMZ Office and RMZ NXT. The partnership with Chevron highlights RMZ’s leadership in providing premium office spaces tailored to meet the needs of global enterprises.
Chevron’s Investment in India
The Chevron ENGINE centre is poised to become a pivotal part of the company’s global operations. Akshay Sahni, Country Head at Chevron India, emphasized that the centre would empower local talent to tackle global energy challenges and work on developing future energy systems. “This facility will help local talent contribute to global projects, addressing current energy challenges while innovating for the future,” Sahni said.
Chevron’s decision to establish its innovation hub in Bengaluru reflects the growing trend of global corporations investing in India’s thriving tech ecosystem. The ENGINE centre is expected to drive innovation and contribute significantly to Chevron’s worldwide initiatives.
RMZ: A Leader in Premium Office Spaces
RMZ Corporation, one of India’s largest family-owned real estate firms, continues to focus on premium office spaces, industrial and logistics developments, and luxury projects. Headquartered in Bengaluru, RMZ is known for creating state-of-the-art workspaces that attract multinational corporations looking for advanced infrastructure.
With projects like the Chevron ENGINE centre, RMZ is solidifying its position as a top provider of world-class office spaces, offering companies the cutting-edge facilities they need to thrive in the global market. The company’s ongoing expansion plans demonstrate its confidence in India’s growing role in the global business landscape.
Conclusion
Chevron’s leasing of 300,000 square feet from RMZ Corporation marks a significant milestone for both companies. As Chevron expands its operations in India through the ENGINE centre, RMZ strengthens its position as a leading real estate player in the premium office space sector. With India becoming an increasingly important hub for global capability centres, this partnership showcases the country’s potential as a leader in innovation and global business.
