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DTDC: DTDC launches operations in Malaysia, eyes southeast market expansion

DTDC through its subsidiary DTDC Global Express PTE Ltd on Wednesday announced its foray into the Malaysian Market as it inaugurated its new office at Brickfield, Kuala Lumpur.
DTDC has expanded its presence in SEA with its new Malaysia office apart from its existing presence in Singapore and Australia, the company said in a press release.

This new office will offer enhanced trans-shipment solutions to the company’s client base in Southeast Asia and the Australian peninsula.

Malaysia shares a healthy import and export relationship with India and has a prevalent Indian diaspora. The Kuala Lumpur office will offer export and import services to/from India, Singapore, and Australia along with handling local deliveries in Malaysia.

DTDC in India covers approximately 96 per cent of the population through 16,000 plus physical customer access points and has a global reach of 220 per cent of destinations, according to the company.

“At DTDC we aim to stretch beyond boundaries while strengthening our presence in the existing markets. The expansion in Malaysia will add to our capabilities in the region and provide seamless shipping solutions to/from our global network, specifically countries like India, Australia, UAE, and the UK,” said Subhashish Chakraborty, Founder, Chairman, and Managing Director, DTDC Express Ltd.He said, “Malaysia exhibits a strong growth potential with its economy standing at USD 1.2 trillion, fueled by the growth in local manufacturing. As per recent reports, Indo-Malaysia bilateral trade is valued at USD 20 billion and is poised for sustained growth, estimated to reach USD 25 billion by 2026. Our expansion in Malaysia aims to capitalize on this opportunity.”

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