Jyotiraditya Scindia and FM Sitharaman discuss plans to transform India Post into profitable logistics company
Live MintNew Delhi, December 28 : Union Minister Jyotiraditya Scindia on Saturday held a meeting with Finance Minister Nirmala Sitharaman in New Delhi to discuss India Post's path to profitability. Scindia and his team at the Department of Posts presented their capital expenditure demands to the finance minister to make the department a profit centre by 2029, according to a press note. In 6 months of him taking charge of this department in 2024, he had asked his India Post team to get exposure to international best practices and come up with innovative strategies for the department. Scindia shared that he believes in India Post's potential to increase market share for most of its products, increase revenue and compete in the industry in the next 5-7 years.