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- 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.
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