Now Reading: FedEx India revenue jumps over 40%, company invests $400 million in cargo hubs
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FedEx India revenue jumps over 40%, company invests $400 million in cargo hubs
FedEx India revenue jumps over 40%, company invests $400 million in cargo hubs
FedEx India revenue grew more than 40% in the last year, driven by rising exports of electronics, engineering goods and other high-value products, the global logistics company said. President Kami Viswanathan called…
FedEx India revenue grew more than 40% in the last year, driven by rising exports of electronics, engineering goods and other high-value products, the global logistics company said. President Kami Viswanathan called India a strategic growth market and one of the fastest-growing in its global network.
The company has committed $400 million this year to build cargo hubs at Adani-operated Navi Mumbai airport and GMR Airports-operated Delhi airport, with operations expected to begin in 12 to 18 months. It also added 38 Indian cities to its direct coverage in the past year, reaching 93% of the country's towns.
FedEx said the investments target anticipated trade growth over the next five to ten years, not current demand. It may also evaluate scheduled domestic freighter services as hubs develop, a segment currently dominated by DHL-owned Blue Dart Aviation.
Indian Opinion Analysis
FedEx is betting on India's shift toward high-tech manufacturing, which demands premium express logistics rather than standard shipping. Electronic goods exports rose 57% in July compared to last year, making India the world's third-largest smartphone exporter, as per commerce ministry data. India's air cargo volumes reached 3.8 million tonnes in FY26, up from 2.53 million tonnes in FY15, but the country operates only 18 dedicated freighters against China's 200, a capacity gap the government aims to address through new airports and simplified scanning rules. The civil aviation ministry has set a target of 10 million tonnes by 2030. The Navi Mumbai and Delhi hubs, plus the upcoming Jewar and Bhogapuram airports, will be key to meeting that goal, and whether FedEx adds domestic freighter services will depend on how quickly this infrastructure comes online.
Source: livemint.com
This story was synthesised by AI from the source linked above.
