MUMBAI, Feb. 18 -- FedEx will invest Rs.2,500 crore to build a 300,000 sq. ft air cargo hub at billionaire Gautam Adani's newly operational Navi Mumbai International Airport, the company said on Wednesday.

The investment comes after Mint earlier reported that the global courier major plans to begin freighter operations from Navi Mumbai as early as May, ahead of the temporary shutdown of cargo flights at Mumbai International Airport from 1 August. FedEx and NMIA did not respond to Mint's queries.

The facility will function as a regional hub linking India with Southeast Asia, West Asia, Europe and the US, according to a company statement.

"This development reflects NMIA's long-term vision of building integrated infrastructure that streng...