Shell to set up Rs1,400 crore R&D center

Shell, the largest international investor in India’s energy sector among all global integrated oil companies, will set up a technology center focused on oil and energy-related activities at Bangalore with a proposed investment of Rs1,376 crore (US$291.31 million). “It should be up and running in two to three years. We have this kind of technical center only in three places in the world presently: Houston, Amsterdam and Rijswijk (The Netherlands). The latest center will come up at KIADB Hardware Industrial Area at Bangalore, which helps in developing new technologies and improving existing ones. The scientists will work on the full-range of R&D activities,” said Vikram Singh Mehta, chairman of Shell India. (June 3, 2010)