Drillmec establishing global manufacturing hub in Hyderabad

Drillmec establishing global manufacturing hub in Hyderabad

Drillmec is a global multisector conglomerate based in Hyderabad, will be establishing its global manufacturing hub in Hyderabad, Telangana. Drillmec, a global leader in oil-drilling rigs manufacturing, is proposing to invest over USD 200 million in the upcoming facility for the setting up of the global hub, which would include manufacturing, research and development, and a center of excellence to impart cutting-edge training to people. More jobs will be created as Drillmec establishing global manufacturing hub in Hyderabad.

Drillmec has entered into a memorandum of understanding (MoU) with the Department of Industries & Commerce, Government of Telangana, for the establishment of Drillmec International Hub for manufacturing oil rigs and ancillary equipment in Telangana. This way, Drillmec establishing global manufacturing hub in Hyderabad.

Simone Trevisani, CEO Drillmec, said, “We are interested in future investment in the Hydrogen fuel project in India. The Hyderabad manufacturing hub will focus on rig manufacturing and ancillaries. This facility also sets up the R&D and training center of excellence. We have already 3 manufacturing facilities in Italy, USA (Houston), and Belarus. After considering many offers from various countries, we chose Telangana as it has a progressive industrial policy and investor-friendly. So, Drillmec establishing global manufacturing hub in Hyderabad always a good step.

Drillmec is a global leader in design, manufacturing and supply of drilling and workover rigs for onshore and offshore applications as well as a wide range of spare parts for drilling equipment. Drillmec enjoys a worldwide reputation of reliability. A reflection of extensive engineering development and timely deliveries, effective after-sale service, and more.

Drillmec has historically delivered close to 600 drilling rigs. Also developed many innovative designs and acquired patents globally. The company, which was incorporated under the laws of Italy having its registered office at Podenzano PC ,Italy, acquired by MEIL group in 2020. Drillmec and Department of Industries & Commerce, Government of Telangana, will float a special purpose vehicle (SPV) for the setting up of an equipment manufacturing unit.

Speaking on this occasion, Mr. K T Rama Rao said, “We feel proud and welcome Drillmec to establishes manufacturing unit in Hyderabad. The state government committed to making Telangana as the most industrial progressive state in India. We’ll hand over the land and fiscal incentives as soon as possible. We’re happy to get employment opportunities for the younger generation in the state. We’ve requested Drillmec to bring entire drilling rig ecosystems to Telangana.”

Uma Maheshwar Reddy, CEO, Drillmec International, said, “This MoU is the first step towards creating a global manufacturing hub in Hyderabad. It will definitely meet the demands of the worldwide market. We have already had an order book $1bn”. Good to know, Drillmec establishing global manufacturing hub in Hyderabad.
Mr. Simone Trevisani, CEO, Drillmec and Mr. Jayesh Ranjan, IAS, Principal Secretary to Govt, Industries, & Commissioner of Industrial Promotion, signed the MoU.

Drillmec representative said that it would be a great honor to work with Govt of Telangana and the manufacturing unit would ensure energy security in the country. “We will ensure that this manufacturing hub creates an employment opportunities for about 2,500 people.”

Also read below:

How we report posts like Drillmec establishing global manufacturing hub in Hyderabad…, etc.

We do not pay attention to report posts lengthy. However, we’ve posts of 2000 words to 8000 words for you to read meaningfully. Our intention is to consume lesser time of our readers for them to go through our site experiencing different interesting topics too. There are much more topics than learning and having fun as we keep In-Hand-Writer always updated for you.

We like you to go through all the topics if you want to read more. So, we have stopped adding more content to our posts. We want our readers do not read more than what the post is all about. However, sometimes we need to go in detail to make you understand about what’s been written, and what’s searched.   

We do not ask for any donation. In any case, you should be aware of what’s happening rather than read more without understanding the main issues. We’re an independent channel. Do keep visiting us frequently and search with your choicest words whatever you like to read. Visit us frequently without bothering to spend a penny. Also know how our content is sold for so less to our clients, who are so happy with us and still keep good-relations.  

You can read many topics in quick time and much more different content for FREE. Content to enjoy: Latest News, Tech, Business, Health, Scripts, Poetry, Lyrics, eBooks, etc.

In Hand Writer

Contact Us

Business Latest News & Reviews

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Have Missed