Tuesday, 28 February 2017

Railways partners India Post for parcel business

The Railways has said that it will now provide space to postal department and private players to ferry their parcels in the guard's compartment of some selected trains. According to the partnership with Department of Post (DoP), which aims to increase the national transporter's revenue, the front portion of the guard's compartment will be allowed to be used to carry upto one tonne of parcel at a rate of Rs 12,954. 

Commenting on the issue, Railway Minister Suresh Prabhu told the media, "Parcel is the fastest moving freight business of Indian Railways. Through this new Business Parcel Policy not only India Post but any private player can also book space in trains for movement of their business parcel." As per reports, railways, which earns about Rs 2000 crore a year from parcel business, aims to attract more parcel with the increased e-commerce activities. While DoP will collect the parcel, it will be the railways responsibility to ensure its faster transportation.

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