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BUSINESS
INDIA POST CAN EMERGE AS GLOBAL E-COMMERCE DELIVERY HUB: PRASAD
January 10, 2016
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1.India Post has a potential to emerge as world’s leading e-Commerce delivery platform, Union Minister for Communications and Information Technology Ravi Shankar Prasad said on Saturday after inaugurating an e-Commerce Parcel Processing Centre at Parel in Central Mumbai.

2.Mr Prasad said India Post had updated itself with latest technological developments in the country and has tied up with more than 400 eCommerce agencies including Flipkart, Amazon and Snapdeal for delivering eCommerce pre-paid as well as Cash-on-Delivery orders. Amazon is the largest business partner of India Post’s eCommerce division.

3.He said the parcel revenue, which registered a 2 per cent decline in 2013-14, had clocked 37 per cent growth in 2014-15 and further grew by 117 per cent during the first half of 2015-16.

4.He said India Post posted a total revenue of Rs 11,636 crores during 2014-15, with post and parcel related services accounting for 42 per cent of the revenue and the rest coming from the Savings Bank activities.