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.