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Logistics Company Ecom Express expands to Bangladesh

15Jan By AnkitaNo Comments

BUSINESS

Logistics Company Ecom Express expands to Bangladesh

Dhaka, 15th Jan 2021: Logistics solutions provider Ecom Express is foraying into the Bangladesh market, marking its maiden venture outside India, a statement said. Ecom Express invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics firm, Paperfly. "With more than 167 million inhabitants and over 90 million internet users, the e-commerce industry in Bangladesh is emerging and has become one of the fastest growing markets in the region. The increasing per-capita disposable income has fueled higher consumption from expanding middle classes," it added. Founded in 2016 by Shahriar Hasan, Md Razibul Islam, Rahath Ahmed and Shamsuddin Ahmed, Paperfly is the first homegrown technology-enabled logistics company in Bangladesh. "The invest...

Patanjali Start Operation in International Markets, Setup Unit in Bangladesh & Nepal

Yoga guru Ramdev-owned Patanjali group is all set to explore international markets with its FMCG products and may also enter Pakistan and Afghanistan in future. "We have already set up our units in Nepal and Bangladesh and our products have reached the Middle East and became popular in some of the countries, including Saudi Arabia," Baba Ramdev told reporters here. "We should be concentrating in poor countries as the profits from those countries will be utilised for development work there itself. "The entry to Pakistan and Afghanistan will mostly depend on the prevailing political situation, and if the situation is politically conducive, units will be set up there," he said. He said their company products are reaching right up to Canada. Patanjali has already entered Azerbaijan which ...

After Ban, Facebook, Microsoft, Google Agree to Work With Bangladesh Government

Facebook, Microsoft and Google have agreed to work with Bangladesh government over "inappropriate contents" on the Internet, the Parliament was told today amidst a series of brutal killings by Islamists of secular bloggers and minorities. Speaking at a question-and-answer session, State Minister for Telecoms Tarana Halim said that not only social media giant Facebook, but Google and Microsoft have also agreed to respond to the governments request within two days. "After intense discussion with Facebook, Google and Microsoft, it has been agreed that they will respond to requests with 48 hours," she said. WHEN THE USE OF FACEBOOK WAS SUSPENDED IN BANGLADESH Last year, the Bangladesh government suspended the use of Facebook, its messenger app, and some other communication apps ...