India Post plans to boost its tie-ups with etailers for delivery of parcels

News:

• The department of posts now delivers more than two lakh ecommerce parcels daily, double of what it used to be 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.
• All-India revenue from ecommerce is expected to be Rs 900-1,000 crore in FY16 for India Post.
• 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.
• One of the advantages of the department is its huge land bank which is crucial for the logistics business.

Source: ET