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The Hindu

National

The Hindu Bureau

$100 million advanced capability community of FedEx opened in Hyderabad

FedEx Hyderabad Raj Subramaniam ACC FedEx Express

An advanced capability community (ACC) of express transportation firm FedEx, involving an investment of $100 million and envisioned as a hub for technological and digital innovation, has opened in Hyderabad.

In addition to boosting employment opportunities, it will also contribute to the development of new capabilities and meeting the technological requirements of FedEx operations worldwide. It marks a significant investment of $100 million in Hyderabad’s economic landscape by FedEx Express, which is a subsidiary of NYSE-listed FedEx Corp, the company said in a release on Tuesday.

At the heart of the development is FedEx’s commitment to leverage talent in India to support digital transformation and innovation, it said on the launch of the facility in the presence of FedEx Corporation president and CEO Raj Subramaniam and FedEx Express president and CEO of Airline and International Richard Smith.

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