CEVA Logistics has officially opened its own offices in Bangladesh. As part of its strategic expansion in the Southeast Asian markets, CEVA opened a head office located in downtown Dhaka, which is complemented by an operational office in Chittagong, Bangladesh’s second largest city and main maritime gateway.
CMA CGM’s subsidiary says it has been operational in Bangladesh for 17 years, providing logistics services to a number of multinational and local customers. In line with its regional development strategy, CEVA has decided to open its own offices with a fully staffed team in order to meet the country’s continuing economic expansion and increasing demand for exports.
CEVA says Bangladesh, currently the third-largest economy in South Asia, is expected to grow the fastest in the region (by 7.2%) in 2019-20 FY according to projections from the World Bank.
Russell Pang, Managing Director Emerging Markets (Bangladesh, Cambodia, Laos & Myanmar) – CEVA Logistics, commented: “Bangladesh 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.”
