India: New Postal Act could deal a severe blow to the $2 billion courier industry

In what could significantly up the operating cost of corporations and have huge implications for $2 billion Indian courier industry as well as for the individual consumers, the Department of Post (DoP) is in advanced stages of proposing amendments to the over hundred year old Indian Postal Act. The amendments which will soon be moved to Parliament for a discussion, will mandate courier companies to charge atleast Rs 70 per for every non-local courier. This is double of minimum Speed Post rate currently and significantly higher than what courier companies normally charge for small packets.

Read more: New Postal Act could deal a severe blow to the $2 billion courier industry | Business Standard.