FedEx Announces Rs 830 Crore Investment in Hyderabad

Hyderabad: Marking a significant investment of $100 million (about Rs.830 crore) in Hyderabad, FedEx Express (FedEx), one of the world’s largest express transportation companies, inaugurated its first advanced capability community (ACC) in Hyderabad Tuesday.

FedEx said it was committed to using talent in India to support digital transformation and innovation.The launch ceremony was attended by FedEx Corporation president and chief executive officer Raj Subramaniam and Richard Smith, FedEx Express president and chief executive officer, airline and international.

The FedEx ACC is envisioned as a hub for technological and digital innovation. In addition to boosting employment opportunities, it will contribute to the development of new capabilities and meeting the technological requirements of FedEx operations worldwide.

"This investment in talent and innovation is part of our broader plan to drive excellence and deliver smart logistics solutions worldwide. By leveraging an exceptional talent pool, we are accelerating digital transformation and delivering innovative solutions to our customers,” said Subramaniam.

The ACC will fuel the company's growth and expansion and bring value to the global supply chain ecosystem, a release said.

( Source : Press Release )
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