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vcnewsdaily com 2024 ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!FedEx Corp, the world’s largest express transportation company, is exploring plans to establish a regional ‘Air Hub’ in India, aimed at improving connectivity between Indian cities and international markets while functioning as a sub-regional hub for Asia and adjacent markets.“We have successfully implemented this (regional hub) capability in the United States and other global markets, and we are now excited to bring it toIndia,” said Richard Smith, COO, International, and CEO, Airline, FedEx, during a press briefing here on Thursday.The announcement follows FedEx’s inauguration of a $350-million regional hub at Dubai World CentralAirportin February.Kami Viswanath, president, FedEx MEISA (Middle East, Indian Subcontinent, and Africa), added that the company is working with the government and airport operators to address regulatory and infrastructural requirements.“This could be a game changer for India as such a facility does not exist here today,” she said.
However, she did not disclose the investment details or the proposed location for the India hub, stating that it is still in the evaluation phase.A regional air hub acts as a central processing facility for transshipments, operating on a hub-and-spoke model to streamline goods movement between countries.“One critical regulatory change we need is the ability to transship—allowing shipments from one country to transit through the hub without delays.
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