FedEx enters domestic cargo business in India

New Delhi: Twelve years after setting up its base for international air cargo operations in India, FedEx Corp, the world's largest express transportation company, has begun domestic express service for the Indian market.
The company said the growing opportunities in the Indian market and the rising GDP prompted it to start the service. It said its superior service, which guarantees consignment delivery reliability would be the main differentiator.
Its subsidiary FedEx India would handle the domestic operations and to begin with it would offer delivery to 50 major Indian cities from 14 key cities.
"To start with, we will cater to all important centers which constitute 60 per cent India's GDP. We will soon expand. India is a high growth market and it is driven by domestic consumption," said Indranil Sen, managing director (marketing for middle east, Indian subcontinent & Africa), FedEx. With this, India has become the fourth place outside North America where FedEx provides domestic services.
13/11/09 Hindustan Times - McClatchy-Tribune Information Services via COMTEX/Trading Markets.com

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Categories: Cargo Nov 2009, Foreign Nov 2009