Hyderabad is going to become a key hub for a French-American oil and gas giant’s global operations. The city will soon host a software global delivery center and precision engineering manufacturing facility of TechnipFMC, a global leader in the traditional and renewable energy industry. The proposed investment will generate 3,500 jobs.
Following a meeting with IT and Industries Minister K.T. Rama Rao in Houston, TechnipFMC, the renowned French-American energy company, decided Hyderabad as the chosen destination for their cutting edge software global delivery and capability center employing 3,500 people.
In addition, TechnipFMC has chosen Hyderabad as the site for their manufacturing facility with international standards, specializing in the realm of precision engineering and creating 1,000 jobs in the next 5 years. TechnipFMC will be investing over US $150 Million (Rs. 1,250 Crores), with export value of US $650 Million (Rs. 5,400 Crores) towards the Hyderabad facilities in the initial phase. This decision unequivocally demonstrates TechnipFMC’s unwavering commitment to Hyderabad.
The meeting between Minister KTR and the leadership team of TechnipFMC, including Anders Dahl – Senior Vice President One Engineering at TechnipFMC, Housila Tiwari, Managing Director and Country Head for TechnipFMC in India, and other senior executives took place on May 19th, 2023, at the TechnipFMC campus in Houston. The meeting marked a significant milestone in the partnership between TechnipFMC and the Government of Telangana.
TechnipFMC is recognized globally for its expertise in energy projects, technologies, systems, and services. Formed by the merger of FMC Technologies and Technip, the company operates in over 40 countries worldwide with about 30,000 employees. With a strategic focus on greenhouse gas removal, floating offshore renewables, and hydrogen, TechnipFMC is at the forefront of innovation in the energy industry.
The TechnipFMC will set up an IT and Engineering delivery center in about 2.5 lakh sft and a state-of-the-art manufacturing facility for precision engineering in Hyderabad, covering an expansive space of 1,50,000 square feet. This facility will create employment opportunities primarily in the areas of specialized engineering talent and also create plenty of indirect employment in addition to the 3,500 direct jobs. The facility’s phased approach contributing the export value worth US $650 Million further strengthens Telangana’s position as a global manufacturing hub.
TechnipFMC’s investment in Hyderabad not only reflects their confidence in the city’s potential but also signifies their commitment to nurturing local talent, promoting technological advancements, and fostering economic growth in the region.
Principal Secretary of IT and Industries Departments, Mr. Jayesh Ranjan, Special Secretary, Investment Promotion & NRI Affairs, Mr. E Vishnu Vardhan Reddy and Chief Relations Officer, Mr. Amarnath Reddy Atmakuri, Director, Aerospace and Defence, Praveen PA were present in the meeting along with the TechnipFMC team.