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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India's business community has raised concerns over the country's growing trade deficit with Japan. FICCI President Anant Goenka said Indian businesses need better access to the Japanese market and highlighted certification and regulatory barriers affecting exporters.
Recent bilateral trade figures show that India's imports from Japan remain significantly higher than its exports. Business leaders are calling for measures that can help Indian companies become more competitive in the Japanese market.
The two countries are also looking at opportunities in areas such as semiconductors, electronics, data centres and other advanced industries. Strengthening these sectors could help expand investment and create new opportunities for bilateral economic cooperation.
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