India Post e-commerce cash on delivery (COD) is planned to grow 200 percent in FY 2015-16 thereby helping e-commerce delivery to reach every nook and corner of India.
The Department of Post through India Post handled COD worth Rs 500 crores up to March 2015 which has crossed Rs 1,000 crores till December 2015 and is expected to reach around Rs 1,500 crores by the end of the current financial year showing a jump of 200 percent.
Speaking at Parliamentary Consultative Committee meeting, Ravi Shankar Prasad, union minister for communications & IT said, “Various steps were taken by the Department of Posts for gearing up its capabilities for handling e-commerce parcel business as well as introducing services such as COD which have completely revolutionized the e-commerce business in India.”
“India Post handled COD worth Rs 500 crores up to March 2015 which has crossed Rs 1,000 crores till December 2015 and is expected to reach around Rs 1,500 crores by the end of the current financial year,” added Ravi Shankar Prasad.
Ravi Shankar Prasad said, “NDA government’s initiative to digitalize functioning would help in making e-commerce reach every corner and this initiative would further enhance India posts reach as national carrier.”
The minister also highlighted that the government’s ‘Digital India Project’ was working to bring Internet and broadband to the remotest corners of the country giving further boost to the growing e-commerce market.
Department of Posts, with its largest postal network in the world is the biggest potential partner to the e-commerce companies being the only last mile logistics handler across the country.
With the IT Modernization Project in an advanced stage of implementation, Department of Posts is well set to redefine its operations to tap the e-commerce industry. This is not only going to further augment its revenue but it will also play a larger role in connecting India more comprehensively by reaching out to the door step of the consumers across the country, thereby bridging the digital and urban rural divide in terms of availability of products.
The department had set up 48 new Parcel Processing Centers so far and 9 more such centers are coming up during the current financial year. These efforts in the last eighteen months have resulted in an overall revenue growth in the parcel segment by 45 percent during 2014-15 and more than 100 percent in the current financial year.
Amazon India booking has increased from average 50,000 articles per month last year to 3 lakhs articles per month in the current year and so is the case of other players like Flipkart, Myntra etc. where the bookings have increased from 15,000 per month to 30,000 – 50,000 per month.
The members of the Consultative Committee appreciated the steps taken by the Department of Posts and complimented on its efforts to bring rural India into the e-commerce mainstream as well as enhancing its revenues through parcel and Speed Post business.
The meeting was attended by Nepal Singh, Raj Babbar, Bhola Singh, Arvind Ganpat Sawant, Ranjanben Bhatt and K Gopal.
No comments:
Post a Comment