Fedex to expand in India

Buoyed by India's rapid economic growth, Fedex Express, world's largest express transportation company with an annual revenue of $32 billion, plans to expand its network in India in a big way.

In addition, Fedex also wants the EU businesses to move quickly in the fast growing Indian market so that they remain competitive in the global market, Jacques Creeten, managing director, sales and marketing of the company said.