FedEx mulls setting up air cargo hub in India

FedEx Express Corporation (FedEx) is exploring the possibility of setting up a state-of-the-art air cargo hub in India, said a top company executive.

“We are exploring the possibility of setting up a hub to connect Indian cities faster with international markets and to act as a sub-regional hub for South Asia and other markets adjacent to the country,” FedEx President MEISA Kami Viswanathan said during a media interaction.

In February 2024, the world’s largest transportation company opened a hub at the Dubai World Central Airport in Dubai South at an investment of $350 million. FedEx also has hubs in the U.S., China and France.

The company is working with the Centre and seeking regulatory changes to make the hub a reality, she said and added that the move would enable transshipment from one country to another without having to spend hours on ground.

FedEx International Chief Operating Officer and FedEx Airline CEO Richard Smith said that India was a fast growing market and occupied the third slot after Vietnam and Mexico. It had the potential to overtake them. “We are aiming to double the volume in 2-3 years,” Ms. Viswanathan added.

Mr. Smith and Ms. Viswanathan were in the city to announce a three-year collaboration with Chennai Super Kings in India and Johannesburg Super Kings in South Africa as the principal sponsor and official logistics partner.