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Date: 02/01/2025

Govt plans to make India Post a profit-making logistics company

The Union Minister of Communications Mr Jyotiraditya Scindia held a meeting with Finance Minister Ms Nirmala Sitharaman to discuss making India Post a profit-making logistics company. His team presented capital expenditure demands to make the department a profit centre by 2029. Mr Scindia presented a new development plan for India Post. He shared that the department is working on rationalising costs and aiming to make maximum processes digital. He shared that the BPR exercise will also focus on launching more attractive business-to-business (B2B) and business-to-consumer (B2C) services. He also stated that the department will work towards automation of processes to make them efficient and future-ready. 
 
Among the significant initiatives, the department has introduced PMA (Parcel Monitoring Application), real-time delivery information sharing. It also implemented e-Clearance of Letter Boxes, Radio Frequency Identification (RFID), Click N Book Service, Nodal Delivery Centres and Transhipment Centres, and has signed a MoU with the e-commerce giant Amazon to strengthen logistics operations, as per a report.
 
source: Exim News Service: New Delhi, Jan. 1