Possible to make postal dept profitable: Scindia

New Delhi: Union minister Jyotiraditya Scindia on Thursday said that it is possible to make the Department of Posts profitable if officials put their act together and make collective effort to achieve the goal.

While speaking at an officers conclave at the Department of Posts, Scindia said the over a century old postal department is deeply entrenched in culture and history of India since 1952 when the first stamp was issued and now it is time for transformation.

He said that the Department of Posts is a cost centre for the government of India. “I put forth a very, very strong vision and a strong goal at a very high point today, we are a cost centre for the government of India. Our revenue stream is Rs 12,000 crore. Our cost stream is Rs 36,000 crore. Why is it that my family cannot become a profit centre for the government? That is a tall goal.

To go from Rs 12,000 crore of revenue to Rs 40,000 crore but it’s not outside the realm of possibility,” Scindia said. He said that if the department puts in place the success formula of “One team, one vision, one goal, one result”, it will be possible to achieve the goal. The minister said that the leadership at the postal department needs to inspire for the long term vision.

He said that there is a need to innovate, embrace new ideas, build prototypes, and replicate proof of concepts with services. “We are vertically very focused, whether it is the PLI (postal insurance) schemes, parcel and express delivery, but along with being vertically focused, we must be horizontally focused, along with the life cycle of our customer,” Scindia said.