Govt to transform India Post into logistics firm, eyes 60% revenue increase
The government is looking to transform India Post into a logistics company and increase the revenue of the department by 50-60 per cent in the next 3-4 years, Union Telecom Minister Jyotiraditya Scindia said on Wednesday.
Speaking at a Public Affairs Forum of India event in the national capital, the minister said about 25,000 villages in the country that do not have mobile networks will be connected by next year.
"Postal department is moving leaps and bounds. Today, our turnover is close to about Rs 12,000 crore per annum. I'm looking at possibly trying to increase that by 50-60 per cent over the next 3-4 years," Scindia said.
The postal department has the potential to take services to the doorsteps of people in rural and remote areas, he said, adding that he will be looking at all potential services to increase the revenue of India Post.
"We need to transform ourselves from just a mail business and a letter business. We need to transform ourselves into a logistics company. We have