KTR in US: TechnipFMC to set up unit in Hyderabad, invest Rs.1,250 crore

HYDERABAD: Industries Ministet K T Rama Rao’s delegation has signed a major deal with TechnipFMC that has proposed to set up its software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility, in Hyderabad. The company proposed to invest Rs.1,250 cr in the facility and it would create Rs,5,400 crore export value.

TechnipFMC is a leading technology provider to traditional and new energy industries.

After signing the deal, KTR tweeted from Houston: “Delighted to announce that @TechnipFMC, a French American Oil and Gas giant selects Hyderabad as a key hub for their software Global Delivery Center & Precision Engineering Manufacturing Facility, creating 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility

“The investment of over $150M (Rs. 1,250 Crores) with an export value of $650M (Rs. 5,400 Crores), is a major boost to Hyderabad and a testimony to the city's potential."

2,500 IT jobs to be created in Tier-II Cities of Telangana

Earlier KTR had met CEOs of more than 30 companies in Washington DC, USA to pitch for IT companies to be set up in Tier-II cities of Telangana. Highlighting the growth of IT in Telangana’s Tier-II cities and explaining the measures taken by the state government, the Minister encouraged the IT companies to start their operations in Tier-II cities.

KTR apprised them that after the state formation, IT Towers were inaugurated in Warangal, Karimnagar, Khammam and Mahabubnagar. While the IT Tower in Siddipet will be inaugurated soon, towers in Nizamabad and Nalgonda are in various stages of construction. Also, the government sanctioned an IT Tower in Adilabad a few months ago, the minister added.

Stating that the government is marching ahead with the 3D mantra, that is to Decongest, Decarbonize and Decentralize and provide ample opportunities to the youth in cities other than Hyderabad, Minister KTR invited the NRIs to come and set up the offices in their hometowns and create rural employment. He spoke in detail how IT is booming in cities like Warangal, Karimnagar, Khammam due to the establishment of IT Towers and the commitment of the state government to expand IT across all the cities and towns of Telangana.

The Minister had a fruitful meeting with the CEOs and many of them signed MOUs with the government to set up their offices in cities such as Nizamabad, Siddipet and Nalgonda. Very soon, Tier-II cities in the state will get more than 2,500 IT jobs which will in turn create indirect employment for 10,000 people. Interestingly, many non-Telugu and non-Telangana entrepreneurs too showed their interest in opening offices in Tier-2 cities.

Citing an example of his recent visit to Bellampalli, the minister said he was surprised to see two IT companies working out of a town like Bellampalli. “When it can be done in Bellampalli, it can be done anywhere,” KTR said. The minister added that the COVID-19 pandemic has led to a paradigm shift in the functioning of IT companies and proved that employees can efficiently work from anywhere with low cost management. KTR observed that improved connectivity and internet facilities in Tier-II towns will create a conducive environment for the firms to operate

This meeting was coordinated by Lax Chepuri, CEO of Technogen Inc (Washington DC) and Mahesh Bigala of Nizamabad with the help and support of IT Serve Alliance organization. KTR appreciated NRIs Lax Chepuri, Vamsi Reddy and Karthik Polasani for their continued support, commitment and the cooperation in Khammam, Warangal and Karimnagar IT-Hubs which have been running successfully.