SABIC, one of the world's top petrochemical companies, has opened the USD 100 million state-of-the-art technology centre in Bengaluru.
The inauguration took place yesterday and marks a significant milestone for Saudi Basic Industries Corporation (SABIC) in India, the company said here in a statement.
Built with an initial investment of USD 100 million, the center is one of 17 SABIC global R&D centers of excellence.
The technology centre, with an area of 187,000 sqm, is home to over 300 scientists from India - a critical mass of some of the best and brightest talent from this vibrant country.
"We are extremely proud to be here, in a city that is a world-renowned center for technology in India. Saudi Arabia and India have a long history of deep relationships. We believe in the future of India - a rapidly developing nation where partnership and inclusive development is a priority. India is an important market for us in Asia, which is why our investment here is significant," Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC and Chairman of the Royal Commission for Jubail & Yanbu, said.
From SABIC's perspective, the key to success here involves partnership and cooperation among governments, scientists and the business sector to promote science, technology and innovation.
Today, we are joined by our valued customers and business partners to achieve long term success.
The inauguration ceremony was presided over by Chief Guest, Governor of Karnataka Hans Raj Bhardwaj and Guests of Honour - Union Minister of Minority Affairs K Rahman Khan, and Minister of State (Independent Charge) Srikant Kumar Jena, Ministry of Chemicals & Fertilizers; Statistics & Programme Implementation, along with senior officials.
