rade between China and India grew by 80 per cent last year touching US $5.4 billion (Rs 24,300 crore). Industry experts feel that if the pace is maintained, Sino-Indian trade could touch US $20 billion (Rs 90,000 crore) by 2008. At a political level, too, there is a thaw between the two countries. Considering these factors, FedEx did the obvious: it launched the first overnight cargo express connection between India and China.

India's exports to China are growing at more than twice the rate of total Indian exports. FedEx has now made it easier for exporters to deliver cargo from Delhi to Shanghai by flagging off five weekly flights from the Indian capital. This is great for exporters since the company promises next-day delivery.... more