FedEx to build integrated air cargo hub at Delhi airport with $150 million investment

New Delhi, Aug 25 (IANS) Global logistics company FedEx on Tuesday announced an investment of approximately $150 million to develop an integrated air cargo hub at GMR Cargo City at Delhi's Indira Gandhi International Airport.

The proposed facility -- spread across around 230,000 square feet -- will bring international gateway and pickup-and-delivery operations under one roof, enabling faster movement of shipments and greater operational efficiency, FedEx said.