FedEx has reinforced its ambitions to expand in India by upgrading the fast-growing market into anew, sixth world region. The move follows its recent acquisition of its Indian service partner in
order to broaden its focus to the large, domestic sector.The US express giant has separated India from its Europe, Middle East and Africa (EMEA)region, making it a separate region alongside the USA, Canada, EMEA, Latin America-Caribbean andAsia-Pacific, the Indian newspaper Economic Times reported. Jacques Creeten, previouslymanaging director India, has become vice-president India operations.
“This upgrade shows India is a vital market for FedEx,” he told the newspaper. FedExcurrently has 16 weekly MD-11F flights to and from its gateways in Delhi and Mumbai, which arestopovers on its eastbound Europe -Asia – USA and westbound Asia –Europe – USA intercontinentalflights.
In November 2006, FedEx Express expanded in India with the acquisition of its Indian servicepartner, Prakash Air Freight Pvt. Ltd. (PAFEX) for US$30 million. PAFEX has more than 384 officesand depots serving nearly 4,400 destinations across India.
