FedEx Express launches Hyderabad Innovation Hub with $100 mn investment

FedEx Express, a subsidiary of FedEx, marked the inauguration of its inaugural Advanced Capability Community (ACC) in Hyderabad, accompanied by an initial investment of $100 million. The event highlighted FedEx's dedication to harnessing outstanding talent in India for the advancement of digital transformation and innovation. Raj Subramaniam, President and CEO of FedEx, and Richard Smith, President and CEO of Airline and International at FedEx, were both present at the launch ceremony, as stated in an official release. The FedEx ACC is conceived as a hub for technological and digital innovation, aligning with the strategic focus of the Telangana government on fostering a vibrant pool of tech talent, according to the release. It is anticipated to not only enhance employment opportunities but also contribute to the development of new capabilities, meeting the technological demands of FedEx operations globally. Raj Subramaniam emphasised, This investment in talent and innovation is part of our comprehensive strategy to promote excellence and provide unparalleled smart logistics solutions worldwide. By tapping into an exceptional talent pool, we are expediting digital transformation and delivering innovative solutions to our customers. The inaugural FedEx ACC represents a pivotal move in the company's global strategy, serving as the first in a network of such communities worldwide, the release further stated.