The Telangana Industries Minister, KT Rama Rao, announced on Saturday that TechnipFMC, a company that provides technology for the oil and gas industry, will be investing over Rs.1,250 crore to set up a software global delivery center and precision engineering manufacturing facility in Hyderabad. This move will create 2,500 jobs in engineering and 1,000 jobs in the manufacturing facility. The investment will have an export value of $650M (Rs. 5,400 Crores), which is great news for Hyderabad’s economy.
TechnipFMC is a leading technology provider for traditional and new energies industries. They deliver fully integrated projects, products, and services.
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