DEPT OF POST TIES UP WITH 400 ECOMMERCE RETAILERS

16 March, 2016, New Delhi: In order to avail their services to the remotest areas of the country, around 400 retailers have tied with Department of Posts. With the network of 1.55 lakh post offices across the country, the department is aiming to revolutionise its services with the help of these ecommerce retailers.

Commenting on the development, Kavery Banerjee, Secretary of Department of Posts, “India Post is a natural partner for ecommerce companies because of our reach and network. We are looking at 100 per cent year-on-year growth and by March, we will generate revenues of INR 250 Cr from parcels and speed post.”

According to the note released by the IT ministry, “The Department has tied up with more than 400 ecommerce agencies, including Flipkart, Amazon, YepMe, Snapdeal and the like, for delivering ecommerce pre-paid as well as cash-on-delivery (CoD) orders.”

As per the official data of Department of Posts, everyday it delivers around 40,000 ecommerce parcels. The average value of parcels handled by India Post is Rs 5,000 for urban areas and INR 3,000 for rural areas.