FedEx Invests $100M in Hyderabad Hub for Global Digital Transformation
By siliconindia | Thursday, 07 December 2023, 17:04 IST
FedEx Corporation has announced a substantial investment of $100 million in its first-ever global advanced capability community (ACC) center, which has been launched in Hyderabad. This center, spearheaded by FedEx Express, the company's subsidiary, is strategically located to leverage India's skilled workforce, aiming to propel the company's digital transformation and foster innovation. The ACC is envisioned as a central hub for technological and digital advancements, aligning closely with the Telangana government's strategic emphasis on cultivating a strong pool of tech talent.
FedEx underscored that this marks the inaugural step in a series of such communities worldwide, signifying a significant move in the company's global strategy. This initiative is anticipated to drive FedEx's growth, expansion, and augment the overall value of the global supply chain network. While specific details on hiring figures and the new ACC's capacity were not disclosed, FedEx emphasized that, beyond creating employment opportunities, the center will play a vital role in cultivating fresh capabilities and meeting technological needs for FedEx operations globally.
Raj Subramaniam, President and CEO of FedEx Corporation, highlighted that investing in talent and innovation is integral to the company's broader objective of achieving excellence and delivering unparalleled smart logistics solutions on a global level. By leveraging an exceptional talent pool, FedEx aims to expedite digital transformation and introduce inventive solutions to its clientele, thereby contributing to the advancement of the logistics sector.
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