Latest news with #HirohikoMiyata
New Indian Express
a day ago
- Business
- New Indian Express
Toyo Japan and MODEC open GCC centre in Bengaluru; to hire 750 employees
BENGALURU: Many multinational companies are now setting up Global Capability Centres (GCCs) in India and the recent one to join the list is Toyo Engineering Corporation (Toyo Japan) and MODEC. On Friday, they opened a GCC centre in Bengaluru. The centre will focus on high-value services including Front-End Engineering Design (FEED), Procurement, and FPSO Project Support. Officials said they are planning to increase the workforce from 200 professionals currently to 750 employees over the next three years. Hirohiko Miyata, President and CEO, MODEC, said, "Establishing a GCC in Bengaluru enables us to deliver smarter, more efficient solutions at scale, aligned with the increasingly complex demands of global FPSO projects." Nakane Tsutomu, Consul General of Japan in Bengaluru, said Bengaluru continues to be a strategic hub for Japanese GCCs, driven by its digital excellence and engineering talent. With this GCC, the company aims to enhance operational agility and execution quality across global projects. Though GCCs are creating several job opportunities, attrition is also a growing concern currently. Recently in its study, HR solutions provider CIEL HR revealed that 51% of GCCs in India cite talent retention as their top challenge, amid a sharp rise in attrition, job-switching intent, and employee disengagement. With demand for niche skills like AI, Machine Learning, and Cloud Computing creating a surge in the need for specialised talent, organisations are facing intense competition to attract and retain top professionals, making it increasingly difficult for GCCs to hold on to their talent. Aditya Narayan Mishra, Managing Director and CEO of CIEL HR, said, "India hosts over 1,700 GCCs, nearly 50% of all GCCs worldwide, highlighting the country's pivotal role in global innovation and high-value delivery. Over time, GCCs have transformed from cost-efficiency centres into strategic engines for their respective parent entities, and at the same time, they drive economic growth, job creation, and regional development for India." However, he added rising attrition and talent mobility demand a decisive shift from transactional approaches to holistic employee engagement.
United News of India
a day ago
- Automotive
- United News of India
TOYO, MODEC inaugurate Global Capability Centre in Bengaluru
Bengaluru, Jun 13 (UNI) Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc (MODEC) on Friday announced the inauguration of their joint Global Capability Centre (GCC), TOYO MODEC OFS India Private Limited (OFS India) here, marking a key milestone in their global expansion and innovation strategy. OFS India is a joint venture between Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan, and Offshore Frontier Solutions Pte. Ltd. (OFS), part of the MODEC Group. The newly inaugurated GCC is located in Godrej Centre and will focus on engineering and procurement services for Floating Production Storage and Offloading (FPSO) projects. "This joint venture is a reflection of our belief in the power of collaboration and the possibilities that arise when we combine our strengths," said Eiji Hosoi, President & CEO of Toyo Japan. He added that the venture aims to deliver innovation and value to global customers. Strategically located in Bengaluru, often dubbed India's Silicon Valley, the centre spans approximately 100,000 sq ft and currently employs around 200 Indian professionals, with plans to scale up to 750 over the next three years. "By establishing a presence here, we are embracing an environment that encourages innovation and agility, critical for the complexity of our FPSO projects," said Hirohiko Miyata, President & CEO, MODEC. The inauguration ceremony was graced by His Excellency Nakane Tsutomu, Consul General of Japan in Bengaluru, who lauded the investment as a symbol of the deepening economic ties between Japan and India. "Bengaluru stands as a symbol of India's technological strength and global orientation. The establishment of OFS India strengthens Indo-Japanese cooperation in the niche domain of offshore oil production," he said. The GCC is expected to create numerous high-value job opportunities and contribute to the growth of local industries by supporting offshore energy projects with advanced technological solutions. Senior executives from Toyo and MODEC, industry partners, and employees attended the event. UNI BDN GNK
Hans India
a day ago
- Automotive
- Hans India
TOYO and MODEC Officially Open Global Capability Center in Bengaluru; set to hire 750 employees over three years
Bengaluru Toyo Engineering Corporation (Toyo Japan) and MODEC, Inc. (MODEC) announced today the official opening of their Global Capability Center (GCC), TOYO MODEC OFS India Private Limited (OFS India) in Bengaluru, India. OFS India is a joint venture company of Toyo Engineering India Private Limited (Toyo India), a subsidiary of Toyo Japan and Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company. The new center marks a significant milestone in the companies' global growth strategy, enhancing their ability to deliver innovation, operational excellence, and scalable services across international markets. 'Our journey to this day has been marked by a shared vision of innovation, excellence, and a commitment to creating value for our customers and stakeholders. This joint venture is a reflection of our collective belief in the power of collaboration and the limitless possibilities that arise when we combine our strengths and expertise,' said Eiji Hosoi, President & CEO, Toyo Japan. Strategically located in the heart of Bengaluru—India's Silicon Valley—the GCC is designed to nurture a collaborative, high-performance culture with a focus on innovation, sustainability, and continuous improvement. 'By establishing a presence here, we are embracing an environment that encourages innovation, agility, and collaboration—qualities essential to meeting the increasingly complex and sophisticated needs of our FPSO projects. This will help us scale with speed, maintain execution quality, and deliver smarter, more efficient solutions to our global clients,' said Hirohiko Miyata, President & CEO, MODEC. Occupying approximately 100,000 sq ft on the 7th floor of Godrej Centre Indiranagar, Bengaluru, the GCC is set to create numerous high-value job opportunities in engineering, procurement and comprehensive support for Floating Production Storage and Offloading (FPSO) projects. OFS India currently employs nearly 200 Indian professionals, with plans to expand its local workforce to 750 within the next three years. The opening ceremony was officiated by His Excellency Mr Nakane Tsutomu, Consul General of Japan in Bengaluru, who welcomed TOYO and MODEC's investment as a testament to the value of India's capabilities and global outlook. He said, 'Japan and India's long term economic ties have continued to flourish across sectors such as infrastructure, technology and manufacturing. The establishment of OFS has added a feather to the cap of Japan-Karnataka collaborations in the niche field of oil production and offshore industry. Bengaluru in particular, stands as a symbol of India's technological prowess, digital expertise and global outlook. It is the most coveted location for GCCs in India, hosting some of the world's best companies. A large number of Japanese GCCs are expanding their operation in Bengaluru, signaling a new era of cooperation between Japan and India. Bengaluru can also provide an abundance of engineers with expertise in oil production facilities. With this center, OFS India will create valuable employment opportunities, support the growth of local industries, and drive offshore energy projects.' The event was attended by senior leaders from TOYO and MODEC's global and regional teams, along with industry guests, partners, and employees.
