Global logistics company FedEx has announced plans to invest around $150 million in a new air cargo hub at Delhi airport. The proposed facility is expected to strengthen India's international logistics and cargo-handling capabilities.
The investment comes as India's e-commerce, manufacturing and international trade sectors continue to increase demand for efficient air freight infrastructure.
Tamil Nadu continues to strengthen its position as one of India's major investment destinations. Earlier this month, the state announced agreements involving ₹1.505 lakh crore for 16 projects backed by overseas investors, including investments connected with manufacturing and technology.
The wider investment drive included 97 agreements worth ₹6.7452 lakh crore, with projects expected to generate more than 100,000 jobs across different sectors.
The investment momentum highlights Tamil Nadu's growing role in automobiles, electronics, semiconductors, manufacturing, technology and other high-value industries.
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