Tag: India

Blue Dart plans Rs 22 cr expansion

Posted by | Feb 15, 2007 | |

Blue Dart Express Ltd has planned an investment of Rs 22 crore during the current year to expand its facilities network in the country.

The Rs 487-crore company, of which 80 per cent is owned by DHL Limited, is also betting big on the import-express business it launched a month ago.

Blue Dart’s senior vice-president for western region Anil Khanna told the media on Wednesday that the company would complete the expansion by the end of 2007, when it will have created a network of 20 new facilities including 12 warehouses across the country.

Of the proposed investment, Rs 8 crore would be in the western region that accounts for about a third of the company’s business. Four of the proposed facilities will be in the western region, he said. The company opened two new warehouses in Pune on Wednesday.

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India post to set up 300 financial marts by March 2007 (also intends to expand rural postal life insurance business)

Posted by | Feb 13, 2007 | |

The Department of Post, Government of India, aims to increase postal financial marts to 300 by the end of 2006-2007. Hence, India Post has tied up with banks, including ICICI Bank and Corporation Bank, to set up financial marts in the country. It also plans to hire retired officers for expanding rural postal life insurance business. India Post also aims to have 8,100 fully computerised post offices and savings bank accounts by Mar 2007.

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India Post lines up Rs 6K cr to connect post offices

Posted by | Feb 12, 2007 | |

In a bid to cut down losses and achieve a higher degree of competitiveness, the Department of Post has put together an ambitious action plan to connect most of its major post offices across the country. The Department is planning to invest Rs 6,000 crore for the technology upgradation across its postal network.

“India Post strongly needs to enhance its technology to compete with the private players,” Department of Post secretary I.M.G Khan said, adding that “We have put forward our proposal to the Planning Commission for consideration in the 11th Five-Year Plan”.

The DoP has an investment plan of Rs 12,000 crore during the 11th Five-Year Plan (2007-12). Khan said his department would invest 50 per cent (Rs 6,000 crore) of its proposed expenditure of the 11th Five-Year Plan in computerising and connecting its 1.5 lakh post offices across the country.

“We are setting up a National Data Center in Delhi, which will be ready by May and would connect about 1,300 major post offices in India while the rest would be connected through other technology,” Khan added.

He said there are various possibilities of leveraging our huge network for other business models such as retail, banking and insurance. The Department of Post is already in talks with some general insurance companies for fee-based distribution of non-life products in the rural market.

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Indian postal department (DoP) to use RFID for logistics posts

Posted by | Feb 12, 2007 | |

If all goes well, the postal department (DoP) will be the first organisation to use the radio frequency identification (RFID) technology for its express parcels and logistics posts. “We want to be the pioneer in the express industry to use the RFID technology,” John Samuel, general manager, business development and marketing directorate, said. To realise its dream, the department proposes to make huge investments in the cutting-edge technology. The department has already put forward a proposal of Rs 12,000 crore to the planning commission during the 11th Five Year Plan for its consideration. “Our aim is to provide high quality services and meet the business needs of our customers along with increasing the customer base. The department plans to allocate Rs 6,000 crore towards upgrading its technology,” Samuel added. He noted that the department plans to invest in technologies such as RFID and web-based customer response system. Leading post offices worldwide, including the US Postal Service, Royal Mail and Deutsche Post, have reformed themselves by investing in cutting edge technology. “The postal department with over 1.55 lakh post offices across India, is in the process of setting up a national data centre that would directly connect over 1,300 post offices nationwide,” a senior business development official said. “Computerisation of all the post offices will streamline the operations of the department. In addition, the department hopes to wipe out its budgetary deficit of around Rs 1,200 crore,” he added. The official said that the investment for the technological upgrade will be allocated out of the “planned fund.”

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DHL will go ‘All the way’ in its new India push

Posted by | Feb 11, 2007 | |

DHL, the international express and logistics brand, has big-beam plans for the new-tiger markets of India and the Asia-Pacific Rim. Part and parcel of these ambitions is its new Asia-Pacific-specific ad campaign that the company will be unwrapping soon here, with the tag line: “All the way”. This replaces their ad sign-off: “No one knows Asia-Pacific like we do.”

The three TV spots called “CEO,” “Patience” and “Waiting” are created by Ogilvy & Mather, Singapore, and aims to deliver three edges for the DHL brand: easy to deal with, knowing and rewarding DHL customers, and innovative products and services.

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