Task Force proposes to divide India Post into
five biz verticals
NEW
DELHI, JANUARY 6:
Prime Minister
Narendra Modi is expected to review a report on the revival of India Post soon.
Official sources
said that Minister for Communications and Information Technology Ravi Shankar
Prasad has approved the task force report and will submit it to the prime
minister for a review.
The task force had
submitted its report to Prasad in December, recommending division of India Post
into five verticals, including one each for banking, insurance and e-commerce,
with India Post being the holding company.
“The minister is
expected to meet the prime minister on Wednesday for an in-principle approval.
The task force has highlighted priority areas, which would give a fillip to our
postal department,” an official told BusinessLine.
The Centre is also
investing ₹5,000 crore for IT modernisation in India
Post.
He said priority
tasks include providing banking and insurance services to the public and making
e-commerce companies such as Amazon, Flipkart and Snapdeal use India Post’s
services.
“The main purpose
is to utilise the network in line with the Prime Minister’s vision of reaching
rural areas for financial services through innovation and digital connectivity
instead of mere postal services,” the official added.
The task force,
chaired by former Cabinet Secretary TSR Subramanian, was set up by the Prime
Minister last year.
The idea was to
leverage India Post’s wide reach across India.
Snapdeal has
already partnered with India Post to work on bringing thousands of weavers and
artisans from Varanasi on its website. The online company has launched a pilot
with India Post to set up facilitation desks at Varanasi post offices to enable
local weavers to sell their products on its platform.
No comments:
Post a Comment