te FedEx invests $100 million to foster job growth, innovation in Hyderabad | Zee Business

FedEx invests $100 million to foster job growth, innovation in Hyderabad

Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city's tech landscape.

FedEx invests $100 million to foster job growth, innovation in Hyderabad
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 company said in a statement. Image Source: Reuters

Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city's tech landscape.

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 company 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.

TRENDING NOW

FedEx Express President and CEO of Airline and International Richard Smith was also present at the launch ceremony.

"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," FedEx Corporation President and CEO Raj Subramaniam said.

The first FedEx ACC has become 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, said the company.
 

Written By: IANS
Updated: Tue, Dec 05, 2023
06:24 pm
IANS
RELATED NEWS
FedEx profit misses, cuts full-year revenue forecast; shares sink FedEx profit misses, cuts full-year revenue forecast; shares sink
FedEx cuts 2020 profit forecast again as 7-day delivery costs weigh FedEx cuts 2020 profit forecast again as 7-day delivery costs weigh
FedEx to end Amazon contract for FedEx Express plane service FedEx to end Amazon contract for FedEx Express plane service
Indian-American Rajesh Subramaniam becomes new president of FedEx Express Indian-American Rajesh Subramaniam becomes new president of FedEx Express
Indian-American Rajesh Subramaniam named FedEx president Indian-American Rajesh Subramaniam named FedEx president

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x