India Post registered a 37% growth in 2014-2015, up from a minus 2% the previous year, and has grown by a whopping 117% in the first half of the current fiscal year, Communications Minister Ravi Shankar Prasad said here yesterday.
Armed with a tie-up with more than 400 e-Commerce agencies like Amazon, Flipkart, Snapdeal, etc, it has potential to become the world’s leading e-Commerce delivery platform, the minister said.
Amazon has become the largest business partner of India Post’s e-Commerce Division, Prasad added, while inaugurating India Post’s 12,000 sq ft state-of-the-art e-Commerce Parcel Processing Centre in Parel here.
India Post notched a revenue of Rs116.36bn last year, with the post and parcel related services accounting for 42% while the rest was generated by savings bank activities, he said, adding the India Post Payment Bank would be launched by March 2017 to extend access to formal banking in rural areas.
All rural post offices would get hand-held devices to facilitate banking insurance businesses and contribution in propagating government schemes, Prasad said.
The new processing centre is fully mechanised and computerised with conveyer belts, scanners, electronic weighing scales, etc, and has a dedicated transport facility to dispatch parcel bags to the Mumbai airport.
Presently, around 7,000 e-Commerce parcels are being processed daily at the centre which has a capacity to handle 30,000 parcels round-the-clock.