It’s time to wait and watch for India ecommerce as India Post has announced its intention of setting up it e-retail portal. As per the announcements made, the portal is currently being planned and designed and will be formally launched by mid 2015.
The ecommerce portal is likely to offer a limited and well moderated range of products especially regional specialties and products of public sector undertakings. This means shoppers can shop saffron, tea, fruits, spices and many more directly from the merchants located in that state. Currently, India Post is in negotiations with speciality boards such as Tea Board, Spices Board, Cashew Board for the same.
Its advantage India Post as it has a ready network of 1.5 lakh establishments offering connectivity within the interiors of the country. Coupled with this, India Post is likely to make a massive investment of up to Rs. 5000 crores in modern IT related infrastructure along with revamping of its delivery equipment by investing nearly Rs. 2000 in new vehicles to ensure on time deliveries.
Indeed, a smart move by the Government of India to launch its own e-commerce portal under the aegis of India Post to offer specialties and products produced regionally. With a major revamp with great degree of modern IT infrastructure and delivery services, India Post is slated to perform exceptionally well.