India Post Eyes $9 Billion E-Commerce Business



 India Post Eyes $9 Billion

Eyeing $9 billion industry probability in booming e-commerce industry, India publish, which has the most important community and serves the ultimate mile, is boosting its infrastructure for actual-time monitoring of parcels through satellites the usage of a brand new expertise.

The Postal division can even soon begin an SMS facility to inform clients about delivery standing of their parcels.

India post, which is already in tie-united states of americawith e-commerce majors Amazon andsnapdeal, may even have safety gadgets like CCTV and get admission to keep watch over methods to make sure safety of articles.

Telecom Minister Ravi Shankar Prasad in a gathering with officers in the department of Posts has directed them to focus on alternatives in e-commerce and tune infrastructure to facilitate increase of the field which has large possible to carry investments and generate new jobs.

“The Minister has asked India put up to leverage is reach to supply unique facilities to native weavers, craftsmen/women, painters and artists so that in addition they take advantage of e-commerce,” a ministry legitimate informed PTI. The Minister wanted their products to be picked up from their doorsteps and delivered to end-consumers, the authentic introduced.

The reliable said that “postal department has began engaged on building of highway transport network for parcel movement on majority routes with GPS facility. It is augmenting facility of secure house for parcels with get entry to regulate and CCTV around it”.

As per industry estimates shared by India Posts, e-commerce business in India used to be about $6 billion in price in 2012 and is expected to achieve $76 billion (roughly Rs. 4,72071 crores) via 2021.

India Post Eyes $9 Billion E-Commerce Business; Promises Live Tracking

The distribution, delivery or logistics constitutes approximately 12 % of the totaled-commerce market accounting for roughly $9 billion (roughly Rs. 55,900 crores) by using 2021.

India post, which has world’s biggest postal network of 1.55 lakh publish offices, has seen multi-fold upward thrust in industry because the time it entered in partnership with e-commerce firms.

Amazon started reserving parcels at one place with India publish in 2013 which has now multiplied to five locations with the aid of October 2014.

“Amazon shipped 7,000 parcels in January this year. Via October, number of article booked in a month by Amazon increased to about 85,000. Snapdeal sends 2,000-3,000 parcels per day. Naaptol is giving about Rs. 25 crores trade to India submit each year,” the professional said.

India put up is providing money assortment on delivery facility of product to 200 clients.

“Considering that December 2013 approximately India post has amassed Rs. 280 crores as money on delivery amount and paid to the e-commerce firms,” the legitimate said.