by Apparel Resources News-Desk
17-July-2019 | 2 mins read
Bangladesh’s growing prowess in apparel exports is opening up new business opportunities for others as well like those into shipping and logistics, and a case in point is DB Schenker.
Schenker (Asia Pacific) Pte Ltd., subsidiary of DB Schenker, the transport and logistics division of the Deutsche Bahn Group, has expanded its presence in the Indian subcontinent with the launch of a new entity in Bangladesh, Schenker Logistics (Bangladesh) Limited, which is fully operational as a local entity under the global freight forwarder’s India cluster organisation with effect from 26 June 2019.
The new entity will have two offices, in Dhaka and Chittagong, with over 150 employees across the core product offering (Air Freight, Ocean Freight, Contract Logistics, Land & Cross-Border Transportation, Global Projects and Fairs & Exhibitions), spread across six vertical markets.
Bangladesh is recognised as one of the fastest growing economies in the world with a consistent nominal GDP growth. It is also the world’s second largest exporter of apparels after China, and plays a pivotal role in strengthening DB Schenker’s position as a leader in the global textile market, especially since Bangladesh has duty-free access for garment exports to certain countries, underlined the company in a statement.
“Bangladesh is one of the priority markets for our Indian subcontinent and will help shape a new growth trajectory in the years to come. We are well prepared to expand aggressively in the country so as to better serve our customers,” said Chief Executive Officer, Cluster India and Indian subcontinent, Schenker India Private Limited, Vishal Sharma.
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