FedEx to invest `2,500 cr for fully automated cargo centre at Navi Mumbai airport
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Navi Mumbai: Express transportation company FedEx announced on Wednesday that it will invest over Rs 2,500 crore in setting up a fully automated cargo hub at Navi Mumbai International Airport in partnership with the Adani Group.
“The Rs 2,500 crore long-term investment by FedEx will support the proposed 300,000 sq. ft. facility, designed as a regional consolidation and redistribution hub and developed in partnership with Adani Airport Holdings Ltd. (AAHL),” according to a FedEx statement. The hub leverages the NMIA’s multimodal infrastructure to strengthen Western India’s international trade corridor. Once operational, the hub is expected to create more than 6,000 direct and indirect employment opportunities across logistics, warehousing, transportation and allied services, the statement said.
