India Post expects to collect Rs 1,500 cr through CoD in FY16

NEW DELHI, Jan 10:  The Department of Posts, which has tied-up with top e-commerce companies, expects to meet the target of Rs 1,500 crore collection through cash-on-delivery this fiscal.
The Department of Posts has already collected Rs 1,000 crore through cash-on-delivery (CoD) till December.
“The Postal Department has collected Rs 1,000 crore so far through CoD and this figure is likely to cross Rs 1,500 crore by the end of the current fiscal,” Communications and IT Minister Ravi Shankar Prasad told PTI.
The Department has partnered with e-tailers, including Flipkart, Snapdeal, Amazon, YepMe, Shopclues, for delivering pre-paid as well as CoD orders. Amazon is its largest business partner in e-Commerce.
The Minister said complete revival of the postal department is his top-most priority.
“I want to see India as a big hub of ecommerce, delivery and digital services,” Prasad said.
Average business provided per month by major players including Amazon is 3 lakh articles, Snapdeal 80,000 articles, Myntra 50,000 articles, Flipkart 30,000 articles and Yepme 60,000 articles. (PTI)

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