FedEx to start direct flights between India and China

Delhi: FedEx Corporation, the world's second largest package delivery company, has decided to start direct cargo flights between China and India to tap the increasing bilateral trade between the two Asian superpowers.
"We want to play an increasing role in the tremendous growth story in India and China. We now have two major cities both in India (Delhi and Mumbai) and China (Shanghai and Guangzhou) which are connected to each other," Samuel Thomas, managing director, India operation, FedEx, said at a press conference on Wednesday.
FedEx has added a new plane -- an Airbus SAS A310 -- to handle the cargo between Delhi and Mumbai and its Asia-Pacific hub in Guangzhou in South China. Thomas said it is also exploring further possibilities of expanding its connect between the "two new engines of the global economy." The US-headquartered company will operate between India and China five times a week to meet the increasing demand in sectors like electronics, pharmaceuticals and machinery. India and China have been trying to mend their volatile relations by promoting bilateral trade. During Chinese Premier Wen Jiabao's December trip to India, the target for bilateral trade between the two countries was set at $100 billion (Rs 4.52 lakh crore) by 2015 from the current $60 billion.
India's gross domestic product (GDP) grew at 8.9 per cent during the July-September period, while China's central bank governor, Zhou Xiaochuan, pegs the GDP growth rate of the red dragon at 10 per cent for 2010-11.
06/11/10 Sanu Nair/Tehelka

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Categories: Cargo Jan 2011, Foreign Jan 2011, New Jan 2011