TechnipFMC, a French American oil company, will invest more than Rs 1250 crore in Hyderabad to establish a software global delivery center and precision engineering manufacturing facility.
TechnipFMC is a technology company that provides fully integrated projects, products, and services to the traditional and new energy industries.
Telangana IT Minister KT Rama Rao announced on Saturday that the facility will create 2500 engineering jobs and 1000 manufacturing jobs.
“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,” he added.
The minister, who is currently in the US, is meeting with professionals from various established fields to draw investment for the state.
Furthermore, Alliantgroup plans to rev up Hyderabad’s Banking, Financial Services, and Insurance (BFSI) sector, potentially creating 9,000 new jobs.
KT Rama Rao announced on Saturday that AlliantGroup, a consulting and financial services powerhouse set up in Hyderabad, will provide a significant boost to the Telangana and Indian BFSI sectors.
KTR was greeted with garlands and Indian classical music at the AlliantGroup headquarters in Houston.
Following the meeting, KTR tweeted, “Met with the very dynamic and exuberant Dhaval Jadav, CEO of Alliant in Houston today, who shared great news after our discussion.”
“Great opportunity for youth in the areas of Tax, Accounting, Audit Services and core IT technologies as well. Alliant’s decision once again exemplifies the unwavering trust and confidence that the BFSI industry has placed in the city,” he added.
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