The deliveries are primarily directed at
tier-II towns, and parts of the rural heartland, where India Post has
unparalleled reach.
India Post is cashing in on the boom in e-commerce deliveries,
especially the surging cash-on-delivery consignments of the country’s
top online sellers — Amazon, Snapdeal and Flipkart-Myntra.
The postal department’s revenues by ways of COD consignments from
e-commerce majors have surged to Rs 1,300 crore during the year ending
March 2016, up from Rs 500 crore during the whole of 2014-15, and just
Rs 100 crore in 2013-14. The deliveries are primarily directed at
tier-II towns, and parts of the rural heartland, where India Post has
unparalleled reach.
The incremental e-commerce revenue boost, said Minister for
Communications and Information Technology, Ravi Shankar Prasad, are
proving to be a big boost for the postal department. “The postal
department collected Rs 1,300 crore in COD collections during 2015-16,
compared with Rs 100 crore in 2013-14,” Prasad told The Indian Express.
However, according to India Post documents, it had expected the remittances from COD to exceed Rs 1,500 crore during 2015-16.
The postal department has tied-up with more than 400 e-commerce
companies including Flipkart, Snapdeal, Amazon, YepMe, Shopclues for
delivering e-commerce pre-paid as well as COD orders. According to India
Post, Jeff Bezos-led Amazon is India Post’s largest business partner in
e-commerce.
As of December 2015, average monthly consignments from the
department’s top six e-commerce customers was up over six-fold,
primarily on account of a big surge in Amazon’s deliveries, which had
sharply jumped to 3 lakh consignments until December 2015 from an
average of 50,000 in 2014-15.
Average numbers of consignments from Snapdeal had reached 80,000
until December 2015, as against 35,000 in 2014-15. Flipkart-Myntra have clocked average consignment numbers of about 80,000 so far this year.
Prasad had earlier told The Indian Express that the incremental
e-commerce revenue boost, was at the heart of his plans to revive the
fortunes of India’s postal service.
Source : http://indianexpress.com/
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