FedEx invests $100mn in Hyderabad's tech hub
Will contribute to development of new capabilities & meeting technological requirements of FedEx operations worldwide
FedEx Express, a subsidiary of FedEx, inaugurated its first advanced capability community (ACC) in Hyderabad today with an initial investment of $100 million.
"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 Raj Subramaniam, President and CEO, FedEx and Richard Smith, President and CEO, Airline and International, FedEx," says an official release.
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, the release added. "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."
Subramaniam says: “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 will be a key step in the company's global strategy, initiating a network of such communities worldwide, the release added.