New Delhi, Dec 5 : Courier delivery services giant FedEx on Tuesday inaugurated its first-ever advanced capability community (ACC) hub in Hyderabad, marking a significant investment of $100 million in the city’s tech landscape.

The FedEx ACC is envisioned as a hub for technological and digital innovation, aligned with the Telangana government's strategic emphasis on nurturing a thriving pool of tech talent, the company said in a statement.

In addition to boosting employment opportunities, it will also contribute to the development of new capabilities and meeting the technological requirements of FedEx operations worldwide.