Drillmec SpA, a global leader in oil-drilling rigs manufacturing, will be establishing its global manufacturing hub in INDIA. The company is proposing to invest over USD 200 million in the upcoming facility for the setting up of the global hub in India, which would include Manufacturing, Research and Development, and a Centre of Excellence to impart cutting-edge training to people.
Drillmec SpA, a subsidiary company of Megha Engineering & Infrastructures Limited (MEIL) group, a global multisector conglomerate, has entered into a memorandum of understanding (MoU) with the Department of Industries & Commerce, Government of Telangana, for the establishment of Drillmec Inter national Hub for manufacturing oil rigs and ancillary equipment in Telangana. Simone Trevisani, CEO Drillmec SpA, said, “We are interested in future investment in the Hydrogen fuel project in India.
The Hyderabad manufacturing hub will focus on rig manufacturing and ancillaries. This facility also sets up the R&D and training centre of excellence. We already have 3 manufacturing facilities in Italy, USA (Houston), and Belarus. After considering many offers from various countries, we choose Telangana, India, as it has a progressive industrial policy and investor-friendly. 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.