DB Schenker has officially opened its new entity in Bangladesh. The new subsidiary will now be fully operational as a local entity under the global freight forwarder’s India cluster organization.
Bangladesh is recognized 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.
“As one of the priority markets for our Indian subcontinent, the move to establish our own entity in Bangladesh will greatly enhance DB Schenker’s service portfolio in the subcontinent”, says DB Schenker CEO Jochen Thewes.
The new Bangladesh organization will be led by Chester Hodgson who has over 20 years of experience in the Freight and Logistics industry in South Asia and is no stranger to Bangladesh. “Our greatest pride is our customers and that our success is measured by how we can use our network to facilitate the progress of your business, the fruition of our vision to strategy implementation to become PRIMUS,” says Mr. Hodgson.
Ditlev Blicher, CEO Asia Pacific, DB Schenker, described, “Establishing an owned entity is an important step for the organization that comes after many years of careful planning and preparation, which will greatly enhance DB Schenker’s service portfolio and footprint in the Indian subcontinent.”
Vishal Sharma, Chief Executive Officer, Cluster India and Indian subcontinent, Schenker India Private Limited said, “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.”
The new entity will have two offices, in Dhaka and Chattagram, with over 150 experienced employees across their core product offering and spread across six vertical markets: Aerospace, Electronics & Solar Semiconductor, Automotive, Retail & Consumer, Healthcare and Industrial & Chemical. DB Schenker had been operating in Bangladesh since 2007, via an exclusive network partner: SG Logistics (Pvt) Limited (SGL).