CEVA Logistics opens fully staffed offices in Dhaka and Chittagong
CEVA Logistics is continuing its expansion in emerging Southeast Asian markets, officially opening its own offices in Dhaka and Chittagong
CEVA Logistics is continuing its expansion in emerging Southeast Asian markets, officially opening its own offices in Dhaka and Chittagong.
The company said it has been operational in Bangladesh for 17 years through a network partner, providing logistics services to multinational and local customers. In line with its regional development strategy, it has decided to open its own offices to meet the country's expansion and increasing demand for exports.
A head office located in downtown Dhaka is complemented by an operational office in Chittagong, Bangladesh's second largest city and main maritime gateway. Through these offices, the group will offer a full range of freight management solutions including purchase order management, container freight station (CFS) services, customs brokerage, project management and other value-added services.
Bangladesh, currently the third-largest economy in South Asia, is expected to grow the fastest in the region by 7.2 per cent in 2019-20 financial year, according to World Bank projections. A solid macroeconomic framework, political stability, implementation of planned public infrastructure projects and ongoing reforms to improve the business environment, underlie this projection, the company said.
Managing director emerging markets Russell Pang said: 'Bangladesh is strategically located to support trading with multiple regions. It has developed a mature and stable market of exports with the US, Europe and China.
'Our vision is to add greater value and increase service options to the market, notably the textile and garment industries, in addition to the increasing new higher value chain verticals of electronics, technology and healthcare.'