International Finance Corporation (IFC) is going to invest $2.5 million in online platform Truck Lagbe. Corporate customers and truck owners and drivers can connect through an app and a website in Bangladesh.
The platform has registered over 43,000 shippers alongside 20,000 trucks of different carrying capacities for short and long hauls.
The partnership will also help expand services, modernize the logistics sector and maintain critical supply chains, especially for delivering food and essential items during Covid-19, stated World Bank.
The transport and logistics services market in Bangladesh has a value of $15 billion (PwC 2018), equivalent to 6.8 per cent of the GDP, said the IFC.
Source: The Daily Star