Drillmec SpA invests in Telangana

Drillmec SpA, Global oil-drilling rig manufacturing giant has decided to setup its manufacturing plant in Telangana, Formal MoU to be signed today.

Will be investing $200 MN (₹1,500) & providing employment to 2500 people.

The Govt. of Telangana and Drillmec SpA entered into an MoU for the establishment of Drillmec International Hub for manufacturing oil rigs and ancillary equipment in Telangana. The MoU was signed in the presence of Hon’ble Minister Shri KTR today.

Drillmec SpA will be investing $200 Million (₹1,500 Crore) for setting up of their manufacturing plant which will create employment opportunities for about 2500 people in Telangana.

Drillmec SpA CEO Mr. Simone Trevisani and Principal Secretary Shri Jayesh Ranjan signed the MoU respectively. Telangana Industrial Infrastructure Corporation Ltd & MD Shri E V Narsimha Reddy was also present.

Drillmec SpA 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.

One Moto Fleet of Electric 2 Wheelers Launched in Telangana

The first investment of the year 2022 in Telangana has been Launched by Principal Secretary ITE&C, I&C Shri Jayesh Ranjan, IAS. One-Moto, the British brand for premium EVs in India, has announced an MoU with Telangana Government for setting up its India manufacturing unit. The new facility will be slated at the outskirts of Hyderabad as it seems to be the key market for EVs, with the state government accelerating the EV revolution with supporting policies for EV production, and strong infrastructure too. The brand plans to invest up to ₹250 crores to establish the manufacturing unit.

One-Moto aims to produce 40,000 units annually in the first phase, and create 500 direct and 2,000 indirect jobs in the region.

Source: Live Mint

Industries and Commerce department of TELANGANA ranks first in Governance Report of MHA – Ministry of Home Affairs.

Commerce and Industry Sector Ranking
The GGI framework assigns differential weightages for Indicators. The outcome / output-based indicators are assigned higher weightage whereas input/process-based indicators are assigned relatively lower weightage and attempts have been made to arrive at a consensus on assigned weightages during consultative meetings. It should be noted that with the inclusion of new indicators and omission of obsolete indicators, weightage is reassigned to even retained indicators of GGI 2019 in GGI 2020-21. The assigned weightages for present scoring and ranking are given in Annexure 1.

The States and UTs are scored and ranked based on the published data collated from various sources as mentioned in the preceding chapters. GGI takes into consideration only data which is available with the Central Ministries / Departments which has a time series measurement. The identified secondary sources were cross-checked with Central Ministries/Departments once again for any other updated secondary sources. Data-point-wise sources are provided as Annexure 2.

64 Heads of Missions in India leave for Hyderabad to visit biotech companies developing COVID-19 vaccine

New Delhi: 64 Heads of Missions in India leave for Hyderabad, where they are scheduled to visit Bharat Biotech and Biological E. Ltd, in continuation of the briefing by Ministry of External Affairs (MEA). The facilities are developing COVID-19 vaccine.

Sources said that this is the first such visit and it will be followed by visits to facilities in other cities. It is in continuation of the COVID-19 briefing by the Ministry of External Affairs on November 6.

India is the world’s largest vaccine manufacturer and has been contributing significantly to global efforts against COVID-19 pandemic.
Sources said there is a lot of interest in India’s vaccine development efforts.

Prime Minister Narendra Modi has said that India’s vaccine production and delivery capacity will be used to help all humanity in fighting this crisis.

He visited the Zydus Biotech Park in Ahmedabad, Bharat Biotech in Hyderabad and Serum Institute of India in Pune on November 28 to conduct an extensive review of the vaccine development and manufacturing process.

On November 30, he had virtual meetings with teams from Gennova Biopharmaceuticals Ltd Pune, Biological E Ltd Hyderabad and Dr Reddys Laboratories Ltd Hyderabad. The three teams are working on developing and manufacturing vaccine for COVID-19.

Bharat Biotech had on Monday applied for emergency use authorisation for its indigenously developed COVID-19 vaccine ‘Covaxin’ to Drugs Controller General of India (DCGI).

It is the second Indian company to apply for emergency use authorization after the Serum Institute of India applied for such use for the vaccine developed by Oxford University and AstraZeneca.

Source: newsroompost.com

Ester Industries to set up ₹1,350-cr polyester packaging film unit in Telangana

Ester Industries Ltd., a listed company, will invest about ₹1,350 crore to set up an advanced polyester packaging film manufacturing facility in Telangana.

The Gurgaon-based firm is a manufacturer of polyester films, specialty polymers and engineering plastic compounds. It currently has a manufacturing facility in Khatima district of Uttarakhand.

The investments will be made in three phases. “Implementation of the first phase is scheduled to be completed by the third quarter of 2022. This project will create direct employment for about 800 people,” a top official of the Telangana government has said.

Welcoming the move, Telangana IT and Industries Minister KT Rama Rao assured the firm of all help from the government in rolling out its plans in the State.

The firm proposes to export 30-40 per cent of its production, which will help to establish Telangana’s footprint on the global flexible packaging map, according to Arvind Singhania, Chairman of the firm, said.

Source : Hindu

New Jewel – Dazzling Durgam Cheruvu

The new Jewel in Hyderabad!

Durgam Cheruvu Bridge – World’s longest span extra-dosed Cable Stayed Bridge. Thanks to CM KCR and Municipal Administration Minister @KTRTRS for adding another attraction to our great city.

Panel discussion on Pharma, Healthcare & Life Sciences organized by CII

Panel discussion on Pharma, Healthcare & Life Sciences: Gearing up for the next level growth at Make in Telangana (Virtual Conference and exhibition on Invest in Telangana: Opportunities in Post COVID) was organized by CII scheduled between 1100-1200 Hrs on 28 August 2020.The panel discussion witnessed participation from Lifesciences experts from varied fields: Dr. Anand Kumar, Managing Director, Indian Immunologicals Ltd, Mr. Madan R Krishanan, Vice President MITG APAC & VP-MD India Subcontinent (South Asia), Medtronic, Mr. Krishna Kanumuri, Managing Director, Sai Life Sciences and Mr. Sanjay Singh, Partner, Deal Advisory Head, Lifesciences Sector, KPMG as speakers. The session was moderated by Mr. Shakthi Nagappan, Director – Life sciences, Govt. of Telangana.

Link to register – CII: Make in Telangana