FedEx Express, one of the world's largest express transportation companies, inaugurated its first Advanced Capability Community (ACC) in Hyderabad, marking a noteworthy investment of $100 million (approximately Rs. 830 crore). 

Expressing commitment towards harnessing India's talent for digital transformation and innovation, FedEx highlighted its dedication during the launch ceremony. The event witnessed the presence of Raj Subramaniam, President and CEO of FedEx Corporation, alongside Richard Smith, President and CEO of FedEx Express for Airline and International operations. 

The FedEx ACC aims to serve as a center for technological and digital advancements. Beyond just offering job opportunities, it aims to foster the development of new capabilities essential for fulfilling FedEx's technological needs across its global operations. 

Subramaniam stated, "This investment in talent and innovation aligns with our overarching strategy to achieve excellence and provide intelligent logistics solutions worldwide. Leveraging the exceptional talent pool here, we're propelling digital transformation and delivering innovative solutions to meet our customers' needs."