FedEx invests $100 million in Hyderabad tech hub to boost digital innovation
- IBJ Bureau
- Dec 06, 2023
FedEx Express, an arm of New York Stock Exchange-listed, global express transportation company FedEx Corp, on Tuesday inaugurated its first tech hub in India in Hyderabad, to set up at an investment of $100 million.
Envisioned as a hub for technological and digital innovation, the facility is aligned with the Telangana government’s strategic emphasis on nurturing a thriving pool of tech talent, the company has said in a statement.
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.
Marking a significant investment of $100 million in Hyderabad’s economic landscape, FedEx Express inaugurated its first Advanced Capability Community (ACC) in Hyderabad on Tuesday, the company has said in the statement.
This investment in talent and innovation is a part of our broader plan to drive excellence and deliver unparallelled smart logistics solutions worldwide, FedEx Corporation President and CEO Raj Subramaniam has said.
The facility becomes a pivotal step in the company’s global strategy, initiating a network of such communities worldwide, the company has added.