FedEx invests USD 100 million to foster job growth and innovation in Hyderabad’s Tech Hub
Marking a significant investment of USD 100 million in Hyderabad’s economic landscape, FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, inaugurated its first Advanced Capability Community (ACC) in Hyderabad today. At the forefront of this milestone is FedEx’s commitment to leverage exceptional talent in India to support digital transformation and innovation. The launch ceremony, witnessed the presence of FedEx Corporation President and CEO Raj Subramaniam and Richard Smith, FedEx Express President and CEO of Airline and International.
The FedEx ACC is envisioned as a hub for technological and digital innovation, aligned with the Telangana government’s strategic emphasis on nurturing a thriving pool of tech talent. 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.
Raj Subramaniam, President and CEO of FedEx Corporation, said, “This investment in talent and innovation is part of our broader plan to drive excellence and deliver unparalleled smart logistics solutions worldwide. By leveraging an exceptional talent pool, we are accelerating digital transformation and delivering innovative solutions to our customers.”
The first FedEx ACC becomes a pivotal step in the company’s global strategy, initiating a network of such communities worldwide. Furthermore, it will fuel the company’s growth and expansion and bring added value to the global supply chain ecosystem.
