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India Post to increase links with etailers

Update On :17 June 2015

India Post to increase links with etailers

Ashok Kumar Dash, India Post Chief postmaster general of Maharashtra Circle said that ecommerce shipping is a big business opportunity for Postal Department. He added that the associations with ecommerce portals are likely to increase in the coming days and the quality of delivery in remote areas will be vital.

According to a national estimate, the department of posts now delivers more than two lakh ecommerce parcels daily, double of what it used to a year ago. Two years ago, the ecommerce revenue was below Rs 200 crore, and it was estimated to be about Rs 400-500 crore in the year ending March 2015.

PN Ranjit Kumar, postmaster general (Mumbai), India Post said that all-India revenue from ecommerce is expected to be Rs 900-1,000 crore in FY16 for India Post and revenues are likely to rise in this segment.

The ecommerce sector in India has grown by 34% (CAGR) since 2009 to touch $16.4 billion in 2014 and is expected to be about $22 billion in 2015, according to a recent report by PwC. This in turn has triggered a growth in the logistics business.

India's logistics business is estimated at $100 billion and India Post is hoping to cater to the growing demand in this sector, especially in tier-II and tier-III cities where the presence of private courier companies is limited. The postal department is trying to use its post office network of over 1.5 lakh branches.

News Source From : http://economictimes.indiatimes.com/

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