Experts call for stronger local control in $9b freight industry

Experts warn that relaxing foreign ownership rules in the logistics sector could increase foreign exchange outflows and weaken local participation.

Experts call for stronger local control in $9b freight industry

Industry experts have emphasized the need for tighter local control over the $9 billion freight sector. They cautioned that easing regulations on foreign ownership would likely diminish local involvement in logistics and lead to a greater outflow of foreign currency.

According to the experts, expanding the domestic fleet could help retain approximately $2 billion annually within the country.

তথ্যসূত্র: TBS Bangladesh
#freight industry#logistics#economy#foreign exchange