Invested billions in connecting India to the world

FedEx, one of the world's largest express transportation companies, is scaling up operations in India, said RICHARD W SMITH, chief operating officer (COO), international, and chief executive officer (CEO), airline, FedEx. In a video interview with Peerzada Abrar, Smith said the company is exploring the India market for setting up air cargo hubs for better connectivity. This week, the firm will officially inaugurate the fourth international daily flight that connects India to the rest of the world. Edited excerpts:

- RICHARD W SMITH COO

What are FedEx's expansion plans in India?

India is an exciting and dynamic growth market for us. We continue to invest in this market. In fact, to date, we've invested over a billion dollars in this market and in connecting India to the world. We launched on November 5, my birthday actually, a fourth international daily flight that connects India to the rest of the world and our broader network that services 220 countries and territories around the world. The official unveiling of that flight is November 19. We have the largest cargo airline on planet Earth. Those four daily flights or 46 weekly flights connecting India to our broader network and the rest of the world are really important for helping to accelerate the growth that we see in this market. We think that our top-line revenue in this market will more than double in the next three years. We're going to grow faster than the Indian market, which is growing very fast. The new flight goes to Guangzhou, Bengaluru, Dubai, Liège (Belgium), and then it comes back. But it connects at Liège to several other flights, which go across the Atlantic Ocean and then connect to the United States.

Any new investments that you plan to make in the country?