Tag: India

Indian express encounters postal delay

Posted by | Mar 17, 2006 | |

Global express and courier major TNT has pledged investment of Euro 100 million in India in the next five years. Blue Dart Express, in which DHL took a 68% stake in 2004, will induct two of the latest generation 757 aircraft into the Indian market in June taking its fleet size to 7. First Flight Couriers will also ramp up its fleet in June as part of a Rs 50 cr infusion. Even Anil Ambani controlled Reliance Capital recently acquired a 44% stake in the Rs 150 cr DTDC.
With such large investments in the pipeline, the Rs 4,000 cr express and courier industry is vociferous in its protest against a government move to yet again table the Indian Postal Act Amendment Bill which will allow the department of posts the authority to regulate the industry and also to reserve the business in the below 500 gms category for India Post only.

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Courier turf war with India Post hotting up

Posted by | Feb 23, 2006 | |

While the ministry of communications and IT is busy changing the Indian Post Office Act to wrest an exclusive monopoly over letters that weigh up to 500 gms, the Rs 4,000-crore private courier industry has demanded privatisation of all postal services in the country. The industry has drafted a Position Paper on the Post Office (Amendment) Bill which it has marked to President A.P.J. Abdul Kalam, Prime Minister Manmohan Singh, UPA Chairperson Sonia Gandhi and the Ministry of Communications and IT, with requests to reject the Bill’s unfavourable provisions. Amendments proposed by the government to the 108-year-old Post Office Act say that private couriers should pay Rs 10 lakh for registration and Rs 5 lakh for yearly registration renewal. Couriers with international activity are to pay Rs 10 lakh while domestic-only operators are to pay Rs 50,000 as per draft rules. The amendments also suggest a penalty of up to Rs 10 lakh for violations by private couriers, and seek to make senior management of courier companies responsible for wrongs committed by their employees.

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Indian govt plans to set up postal regulator

Posted by | Feb 9, 2006 | |

THE government is planning to set up mail regulatory and development authority (MRDA) for the postal and courier services. Currently, there is no authority to regulate the Rs 3,500-crore private courier industry. Department of Post (DoP) has proposed amendments in the Indian Post Office Act, 1898, to make provision for the regulator. MRDA will ensure that all the private courier service providers and mail services of the department of post comply with the terms and conditions of the registration. It will promote competition and efficiency in mail services. The department has proposed that MRDA should be a single person full time regulatory body. The regulator will be appointed by the government. The person appointed as MRDA shall hold office for a term not exceeding three years.

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India Post may become exclusive carrier of letters below 500gm

Posted by | Feb 8, 2006 | |

In a bid to clip the wings of private courier services, the government is considering amendment of the law to give itself the exclusive right to carry letters weighing below 500 grams. This will facilitate Department of Posts to regain the lucrative segment, which it had over the years lost to private courier industy. “The present 1898 Indian Postal Act exclusively gives the right to Department of Posts to carry letters… It does not allow private couriers to carry letters, it only allows them to carry documents. But these private companies are carrying letters in the name of documents which is in anyway a violation of the Act,” Shakeel Ahmad, Minister of State for IT and Telecom told PTI. “So we are trying to plug-in the loopholes by proposing changes in the Act”, he said.

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TNT launches domestic Express services in India – First step towards market leadership in 2010

Posted by | Feb 1, 2006 | |

TNT announced its domestic foray in India at a press meeting in Mumbai today. The expansion plan in India is in line with the global strategy of focusing on building quality networks in emerging markets. TNT will make an investment of around 100 million Euro into the Indian market over the next five years, further reinforcing its commitment to the booming Indian economy. This launch makes TNT the first multinational brand in India to offer international and domestic services using an integrated air and road network. TNT will clearly differentiate from its competitors in the express segment, through its offering of a gamut of “first ever” services. TNT aims to be the leading integrated player in the Indian market by 2010.

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