![\"From](\"https:\/\/static.toiimg.com\/thumb\/msid-133499190,imgsize-117434,width-400,height-225,resizemode-4\/groundbreaking-ceremony-of-fedex.jpg\" "\\"Union")
<\/div>\n<\/div>\n<\/div>\nFederal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport<\/a> (IGIA).The groundbreaking ceremony for the facility was held in the national capital on Tuesday in the presence of civil aviation minister K Rammohan Naidu.The hub will be set up at GMR Cargo City at the airport and is aimed at strengthening air cargo connectivity across North and East India and linking businesses with global markets, FedEx said in a release.<\/p>\n The proposed facility is designed to significantly increase FedEx’s package processing capacity at the hub. According to the company, capacity will rise from 600 packages per hour to 5,000 packages per hour once the facility becomes operational. It can also be scaled up further, FedEx said.\u201cThe proposed facility represents a long-term investment of approximately $150 million by FedEx,\u201d the company said in its release.GMR Cargo City will be developed in phases, with construction work expected to begin shortly.At the groundbreaking ceremony, Naidu said India should become the backbone of global air cargo movements.\u201cI would like to congratulate FedEx and Delhi GMR Airport for entering into a partnership to create a dedicated air cargo facility at our Delhi Airport,\u201d Naidu said.He said cargo operations had been consistently increasing and that volumes were seeing an increase of almost 40 per cent.<\/p>\n Naidu said there was significant potential in the air cargo sector and pointed to the government’s efforts to strengthen the country’s logistics network.\u201cOur vision is also to create cargo hubs. Which is why, recently, we introduced the transshipment policy as a proof of concept, which has given us good success. We also want to improve air freight stations across the country,\u201d he said.Civil aviation secretary Samir Kumar Sinha said efforts were being made to remove bottlenecks affecting air cargo movements.FedEx is an express transportation company that operates a global air and ground network for shipments.<\/div>\n Union Minister Ram Mohan Naidu during the groundbreaking ceremony of Federal Express Corporation’s (FedEx) integrated air cargo hub, in New Delhi Federal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport (IGIA).The 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Minister Ram Mohan Naidu during the groundbreaking ceremony of Federal Express Corporation’s (FedEx) integrated air cargo hub, in New Delhi Federal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport (IGIA).The […]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 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focusing on cargo hubs and logistics network<\/h2>\n<\/p>\n
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