With more than 4 million square feet warehouse facility at 65 sites across India, Schenker India, a wholly-owned subsidiary of DB Schenker is planning to expand its warehousing footprint to 7 million within the next three years. Vishal Sharma, CEO India and Indian subcontinent in interaction with Shalini Nair speaks about Bangladesh entity, evolving contract logistics in India and how cross-border ecommerce could enhance business prospects.
How will the Bangladesh entity help in enhancing your verticals?
Bangladesh is one of the fastest-growing economies and has a true cost advantage. Even the government is very focused on the ease of doing business. The country has made newer investments in the port and is planning to build a new airport.
Moreover, Bangladesh export earnings to India also saw a 142 percent growth in the first quarter of the current fiscal year. This makes it imperative for us to enhance investments and create a direct presence in the market. Our new entity in the short- to medium-term will focus on expanding our land business extensively and create an eco-system which allows us to deliver best-in-class supply chains for our customers & verticals within Bangladesh complimented by our extended network globally. Both our Dhaka and Chattagram offices will offer air freight, ocean freight, project cargo, warehousing, land transport, contract logistics, and distribution to customers in the health care and automotive industries, offering solutions both through traditional medium and digital platform.
How is technology becoming a core driver in Schenker’s business?
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July - August 2019