Bangladesh forms committee to ensure logistics sector development

The committee will formulate the National Logistics Development Policy, offer policy support, facilitate existing policy frameworks to attract investment in the sector, offer overall guidance in formulating policies and development strategies for the various sub-sectors of the logistics sector, and monitor, review and evaluate the progress of implementing the overall logistics development strategy.

The move comes as the logistics sector is failing to support the fast-growing economy, according to Bangladeshi media reports. The country is missing out on at least a fifth of its export potential due to poor logistics and clearance services in domestic ports and highways.

Fibre2Fashion News Desk (DS)