# Drillmec SpA to build global manufacturing hub in Hyderabad, India

Drillmec SpA, a subsidiary of MEIL, signed an MoU with the Government of Telangana to establish a global manufacturing hub in Hyderabad for oil-drilling rigs and ancillary equipment, with an investment of over USD 200 million and expected to create 2,500 jobs.

- Type: New facility
- Announced: 2022-01-31
- Where: Hyderabad, Telangana, India
- Value: $200.0M
- Jobs: 2,500
- Status: announced
- Products: oil-drilling rigs, ancillary equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Drillmec SpA](https://endata.com/companies/60692.md)
- [Megha Engineering & Infrastructures Limited](https://endata.com/companies/14249.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/in/news-releases/drillmec-spa-signed-mou-with-dept-of-industries-amp-commerce-govt-of-telangana-863948779.html), 2022-01-31: "We will ensure that this manufacturing hub creates an employment opportunities for about 2,500 people."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.