The postal department has set a target to more than double its market share in parcel business in next two years, Communications Minister Manoj Sinha said Tuesday.
“Approximately, we have 3-4 per cent share in parcel business. Private players offer effective service instantly while in government system people at small places are required to wait for decision of headquarter. Therefore, to take instant decision and to offer competitive service, we have created a separate parcel directorate and set target of achieving 10 per cent of this parcel business in coming 2 years,” Sinha said.
He was sharing status of works being done at the department on the eve of World Post Day.
In 2017-18, India Post handled 618 crore mail articles, 18 crore registered articles and 46 crore speed post articles.
According to a KPMG report, the e-commerce retail logistics market alone is valued at USD 1.35 billion in 2018, and is projected to witness a growth of around 36 per cent in the coming five years.
“Around 94-96 per cent people get articles delivered to them in time,” Sinha said.
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