India Post Sees Rs 1,500 Crore Cash-on-Delivery Collections in FY16
New Delhi: The Department of Posts, which has tied up with top e-commerce companies, expects to meet a target of Rs 1,500 crore in collections through cash-on-delivery this fiscal year.
The Department of Posts has already collected Rs 1,000 crore through the mode of payment 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 etailers including Flipkart, Snapdeal, Amazon, YepMe and Shopclues, for delivering prepaid as well as CoD orders. Amazon is its largest business partner in e-commerce.
The minister said a complete revival of the postal department was his topmost priority.
"I want to see India as a big hub of e-commerce, delivery and digital services," Mr 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.