Global logistics major DB Schenker has taken the control of its Bangladesh operations by setting up a dedicated subsidiary entity. The company has been present in Bangladesh since 2007 in an exclusive partnerhip arrangement with a local entity but now it has formed Schenker Logistics (Bangladesh) which will be managed by the global freight forwarder’s India cluster organisation, the company said in a statement.
“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,” Jochen Thewes, chief executive officer of DB Schenker commented.
The subsidiary has kickstarted its operations in Bangladesh with two offices – Dhaka and Chattogram. According to a company statement, the subsidiary will be mainly focusing on six verticals – aerospace, electronics and solar semiconductor, automotive, retail and consumer, healthcare and industrial and chemical.