Providing a boost to the e-commerce industry in India, the post
departments had handled cash on delivery (COD) orders worth Rs.500 crore
up to March 2015 and is expected to reach about Rs.1,500 crore by end
of 2015-16, Communications Minister Ravi Shankar Prasad said on Thursday.
Till December 2015, the COD value has crossed Rs.1,000 crore.
Speaking at the meeting of the Parliamentary Consultative Committee
attached to the communications & IT ministry, on the e-commerce
initiatives of the department of posts, he said various steps taken by
the department for gearing up its capabilities for handling e-commerce
parcel business as well as introducing services such as COD have
revolutionized the e-commerce business in India.
Prasad also said the government's initiative to digitalize
functioning would help in making e-commerce reach every corner. He said
the initiative would further enhance IndiaPosts' reach as national carrier.
The department of posts had set up 48 new parcel processing centers
so far and nine more such centers are coming up during the current
financial year, he said.
"These efforts in the last eighteen months have resulted in an
overall revenue growth in the parcel segment by 45 percent during
2014-15 and more than 100 percent in the current financial year," Prasad
said.
Source: http://www.business-standard.com/
