Reffirming commitment to India and innovation, Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC and Chairman of the Royal Commission for Jubail and Yanbu officially inaugurated the company’s state of the art SABIC Technology Centre in Bangalore today.
Minister of State with Independent Charge, Srikant Kumar Jena, Ministry of Chemicals and Fertilizers; Statistics and Programme Implementation; Union Minister of Minority Affairs, K Rahman Khan; Dr Hans Raj Bhardwaj, Governor of Karnataka; Prince Saud bin Abdullah bin Thenayan Al-Saud, Chairman of SABIC, and Chairman of the Royal Commission for Jubail and Yanbu, Kingdom of Saudi Arabia, and Mohamed Al-Mady, Vice Chairman and CEO of SABIC officially inaugurated SABIC Technology Centre in Bangalore.
According to a company statement, STC, built with an initial investment of $ 100 million, is one of 17 SABIC global R&D centres of excellence. The STC, with an area of 187,000 square meters is home to over 300 scientists from India – a critical mass of some of the best and brightest talent from this vibrant country.
In welcoming the state Governor, Government Ministers, state and national government officials to the inaugural event, Prince Saud thanked all for their efforts in helping create a cutting-edge research facility in the south Indian State of Karnataka and said: “We are extremely proud to be here, in a city that is a world-renowned centre 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”.
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.
Echoing Prince Saud’s comments, Mohamed Al-Mady, Vice Chairman and CEO said: “SABIC as a company grounded in developing material solutions has innovation, ingenuity and collaboration at its core, helping us to achieve a deeper understanding of our customers and their business. This major centre in Bangalore is an integral part of our global R&D strategy. In this center the scientists here are carrying out cutting-edge research into new platforms for next-generation materials across industry sectors including Construction, Clean Energy, Electricals and Electronics, Medical Devices, Transportation. Other initiatives include designing greener building materials to reduce environmental footprints and developing eco-friendly products in response to global megatrends and needs”.
The inauguration ceremony was presided over by Chief Guest, Governor of Karnataka, Dr Hans Raj Bhardwaj and also Guests of Honour – Union Minister of Minority Affairs K Rahman Khan, and Minister of State (Independent Charge) Srikant Kumar Jena, Ministry of Chemicals and Fertilizers, Statistics and Programme Implementation, Government of India, along with several senior government officials, customers, academia, business partners and employees.
Speaking at the event, Jena pointed out: “SABIC’s investment in Bangalore further strengthens the long standing relations between Saudi Arabia and India, and we welcome more partnerships from other companies from the Kingdom”. The STC Bangalore – Innovating for tomorrow’s needs.
Alongside another technology centre slated to open in China in early December, the Bangalore facility builds on SABIC’s two existing dedicated application centers in the region – one in Moka, Japan, and the other in Sungnam, South Korea. With these cenres, SABIC has 17 Technology and Innovation facilities globally including its centres in Saudi Arabia, the US, the Netherlands and Spain.
Ernesto Occhiello, SABIC’s Executive Vice President, Technology and Innovation, said: “We are gathering some of the best and brightest talent from India to shape the future of our R&D efforts. Both centers together host a critical mass of professionals and are an indication of SABIC’s commitment to be the preferred technology partner for Asian customers as well as the employer of choice for the best talent from the region”.
Janardhanan Ramanujalu, Vice President, SABIC South Asia and ANZ said: “The launch of the SABIC Technology Centre in the city is a clear reflection of SABIC’s commitment to India, and is a very important milestone for us. The centre will therefore play a pivotal role in delivering innovative products and solutions, while harnessing local talent coupled with the infusion of hi-tech local expertise and knowledge into the country, including scientists and engineers who are returning from overseas”.
Commitment to Sustainability and the environment
The STC in Bangalore is also designed with a strong environmental and sustainable ethos and a zero-discharge facility. The energy and water consumption of the facility will be minimized. SABIC is also firmly committed to – and is already supporting – several community and CSR initiatives around the STC. Key projects undertaken include the Hosahalli Lake restoration project, reconstruction of Hosahalli Government School, a Community Resource Center in Hosahalli Village and bus shelters around the vicinity.