FedEx has launched a new flight from Bengaluru (Bangalore) to Paris making it the third Indian gateway for FedEx alongside Delhi and Mumbai.
The operator is also expanding its its next business day service from 14 to 58 origin cities in India over next few months. .
The moves reflect the rapid growth of the Indian market. Trade between the UK and India trade was £11.5bn in 2009 and £12.6bn in 2008. In 2009, UK exports to India (goods and services) were £4.7bn and imports from India were £6.8bn.
“India has witnessed exceptional levels of economic expansion, and despite the global economic downturn, the economy reflects strong performance in manufacturing and export-oriented industries,” said Kenneth F Koval, vice president, operations, FedEx Express India.
“Bengaluru and its surrounding cities are a major component of India’s economic expansion, with South India contributing to approximately 20 per cent of India’s GDP. By launching our flight from Bengaluru, we’re confident that businesses in South India will gain from greater global access.”
The 58 cities selected for the domestic express service expansion contribute to 40 per cent of India’s GDP and allow FedEx to offer a more defined and diversified product portfolio to and from major cities across India. FedEx will add satellite cities such as Secunderabad, Tirupur, Chinchwad, Pimpri, Thane and Navi Mumbai into the service points from August 2010—with more cities benefiting from the services in the months ahead.