India’s DTDC inks deal with Prompt Xpress International to enhance logistics in Sri Lanka
Daily FT: Global logistics company DTDC Express Ltd., has partnered with Prompt Xpress International Ltd., to expand its logistics footprint in Sri Lanka.
According to the new partnership, both companies have collaborated to launch a new customer contact point in Sri Lanka, which will operate under Prompt Xpress International Ltd.
DTDC said this partnership is an important step in its mission to deepen its presence in South Asia and reinforce the India-Sri Lanka trade lane.
DTDC Chairman Subhasish Chakraborty recently visited Sri Lanka and spent time with renowned former Sri Lankan cricketer Aravinda De Silva, who leads Prompt Xpress as its Chairman, to solidify the partnership.
Chakraborthy said this partnership is “about combining the precision of a legendary cricketer with the reliability of India’s leading logistics network.” He also noted that, “Together, we’re making cross-border trade faster, smarter, and more accessible.”
Founded on 26 July 1990, DTDC is India’s leading integrated express logistics provider and a pioneer of the franchise-based model in the industry. It operates over 16,500 outlets across India and has been steadily expanding its presence across the UK, Australia, Canada, and the Middle East.
Prompt Xpress, established in April 2015, was the brainchild of a few professionals with 10 to 30 years of experience in the domestic courier business and ICT industry. Today, it has become Sri Lanka’s largest courier service with 98 branches across the island, backed by vast ICT innovations.
OSL take:
Sri Lanka’s expanding economy, strong and improving trade ties as well as the country’s strategic positioning in the Indian Ocean have all helped boost the logistics sector. With Sri Lanka’s aviation and maritime industries recording steady growth, there is a need to expand the country’s logistics sector. This expansion, which is to meet the increasing demand and the need to be on par with the evolving global logistics standards, has opened a host of business/investment opportunities for foreign businesses/investors. The growth and profits recorded by businesses already engaged in the sector and the interest shown by foreign businesses to enter Sri Lanka through local collaborations indicate the increasing business potential of Sri Lanka’s logistics industry and related sectors. Given that Sri Lanka is working on becoming a regional hub, foreign businesses/investors could confidently explore and enter the country’s logistics industry at present to ensure the best positioning and consolidate the position for future progress.
| Article Code : | VBS/AT/20260304/Z_3 |