Geodis Wilson, one of the largest freight management companies with a global network, has indicated to expand its operation through its local strategic partner e2e in emerging and unexplored Pakistan’s market of logistics and allied sectors.
According to the details, the expansion of operation will likely imply huge foreign investment in infrastructure and assets of its partner company e2e – which has been the fastest growing company in its sector with more than 1,500 clients.
In 2008, the Geodis group became part of the French rail and freight group SNCF. With presence in 120 countries, ‘SNCF GEODIS’ ranks among the top half dozen companies in its field in the world, 4th in Europe and no. 1 in France.
Sources in the logistics and shipping sector said Geodis Wilson’s higher management is visiting Pakistan shortly and likely to hold series of meetings at ministerial level, including with the Prime Minister to show its interest in investing the logistics sector of Pakistan.
Pakistan, due to its strategic geographic location, has a tremendous growth potential and investment in logistic sector – which is the key driver not only for the development of private sector and the economy but as a whole has started attracting some global groups in this field.
The potential is valued at $13 billion per annum, roughly around six percent of the country’s GDP, by Global Monitoring Report published in 2011.
In order to gain foreign investors’ confidence, the government is keen to extend its full cooperation and carrying out all possible efforts to attract foreign exchange, advance technology and human capital in various sectors, including logistics and shipping – which has been projected to be expanded with the development of Gwadar and different seaports at Karachi.
The logistics sector’s contribution to the country’s GDP is stagnant for past many years, which should be enhanced with the accessibility of the logistics services to corporations and entrepreneurs, large or small alike.
The rebounding local economic activities will give impetus to exports of various products made in Pakistan; hence the need of reliable logistic services will be essential for the country’s private and public sector entities. The country can improve the efficiency of the logistics sector and become the biggest trade hub of South Asia by engaging serious international players to build a presence in the country.
Attracting international players is a key to overall economic strategic approach. As a result, not only will local logistics networks become more efficient and profitable, but these improvements will also help renovate the old Silk Route to deliver on the promise of Pakistan as a key regional hub of logistics.