Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Monday 13 July 2015

FDI in India Post ?


FDI   in   India   Post   ?

As on 31-08-2009 , India Post had 1,55,015 post offices , making it the largest postal network in the World

Almost 90 % of these were in rural areas , each serving 7175 persons on average , totaling 111.2  Crores Indian citizens ! Entire population of India !

Till about a few years back , India Post delivered millions of letters and a few lakh parcels every day , to citizens living in farthest corners of India

And of course , millions of rural citizens also depended upon its Money Order delivery

But then came along private Courier Companies , bent upon obsolescing India Post !

So , head-honchos of India Post asked themselves :

"  What business are we in ? "

Answer came :

"  We are NOT into business of delivering postal articles / money-orders .
    We are into a business of ' DELIVERY  '
    Period !  "

Central Government ( the Owner ) agreed
  
Today , India Post has redefined its " Mission " as :
" To provide mail parcel , money transfer , banking , insurance and retail services with speed and reliability "

India Post web site goes on to write :
"  If your Organization is interested to use the India Post network for the sale of your products and services , India Post can help your business grow through ' Retail Post '  "


I believe RBI is on the verge of enabling India Post to become a " Payment Bank "
That has got established banks worried  !

And wanting to avoid establishing their own delivery networks costing billions of dollars , Amazons / e-Bays / Alibabas / FlipKarts / SnapDeals of the World , want to leverage India Post's network for ' delivering ' products

That will make them " B2C " retailing e-Com ventures, - riding piggyback on India Post !

If in doubt , consider this :
In the past 12 months , India Post's revenue , delivering parcels to end-consumers like you and me , from e-Com ventures mentioned above , has gone up by a whopping 37 %  !

CAIT ( Confederation of All India Traders ) , must have taken notice of this , " New Kid on the Block " , called India Post  !

As I wrote yesterday , competition is cropping up from most unexpected quarters  !

And if Greek Government  is open to privatizing its postal network , who knows DIPP may soon recommend FDI in India Post - to add to the Central Government kitty , may be Rs 1,00,000 Crores !

Days of Central Government protecting every kind of business / industry are over . Above all , businesses in which Government , itself operates  today 

War of International Trade ( where India's share is a meager 1.7 % of World Exports ) , cannot be won by leaning on Government crutches !

It is time, Indian business / industries learn to stand-up to the World on their own legs  !

-----------------------------------------------------------------------------------

hemen  parekh
12  July, 2015
B2BmessageBlaster




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