FedEx (NYSE:FDX) has expanded service to further boost connectivity within India.

FedEx (NYSE:FDX) Domestic Express Expands Fivefold

FedEx (NYSE:FDX) has increased its Domestic Express service from 58 to 331 destinations across the country. The expansion highlights the company’s focused growth plan to facilitate unprecedented trade across India through highly reliable and convenient shipping solutions.

The growth builds on the success of FedEx (NYSE:FDX) domestic service offerings since its launch in India and is aimed at offering customers a one stop solution for their domestic express needs.

Kenneth F. Koval, Vice President of Operations at FedEx (NYSE:FDX) Express India said that, “India’s GDP is expected to grow between 8-9%i in the FY 2010-2011, making it one of the fastest-growing economies in the world. This growth represents enormous potential for businesses in terms of domestic trade and exploring new market opportunities within the country. Our expansion is designed to facilitate faster and easier domestic trade and enhance our customers’ ability to leverage the country’s growth potential and take advantage of new trade opportunities.”

FedEx (NYSE:FDX) stocks are currently standing at 92.96.

If you’re looking to make a move on the FedEx (NYSE:FDX) shares, make sure you do it at the right price. Finding a gap in the market or technical analysis can be a hard task, but do consider the price history:

We’ll be keeping a close eye on the FedEx (NYSE:FDX) stock price for developments over the next few weeks.