Bangladesh has formulated its maiden logistics policy to achieve sustainable economic growth by increasing domestic and global trade and investment capacity through construction.
The policy aims to ensure a reduction in delays and costs by achieving efficiency in overall logistics services, including production, storage, transportation, shipping and release, and distribution of products, within competitive cut-off times based on regional and international standards.
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Bangladesh would have to go a long way to raise its logistics sector up to the level of that of comparator countries such as India and Vietnam, said a top industry official.
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