Financial Daily from THE HINDU group of publications
Friday, Apr 28, 2006
Financial Daily from THE HINDU group of publications Friday, Apr 28, 2006 |
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Supply Chain Management States - Tamil Nadu Express units step up protest Our Bureau
Express impact About 15 lakh people are directly or indirectly dependent on the courier industry. The curbs would have a negative effect on investments by foreign companies.
Chennai , April 27 The express industry has stepped up its protest against the draft Indian Post Office (Amendment) Bill 2006. It may be recalled that the draft Bill prohibits courier companies from carrying and delivering letters below 300 gmin weight. It will also impose a 10 per cent turnover tax in the form of universal service obligation fee and penal provision for service disputes. The Association of Express Industry - South India (AEISI) will submit a memorandum to the Tamil Nadu Governor. AEISI plans to create awareness with e-mails, mass SMS, and advertisements. The association has also asked the public to post responses on the Web site www.indiapost.gov.in. The ultimate option of protest would be an all India strike by all courier companies, members said. Mr S. Ahamed Meeran, President, AEISI, said that the Rs 4,500-crore courier industry would be affected if the weight-based restriction disallows them from carrying letters and documents up to 300 gm. Many couriers companies would immediately go out of business as this segment contributes to nearly 80 per cent of their business. A press release stated that almost 15 lakh people are directly or indirectly dependent on the industry. It also has a negative effect on future investments by foreign express companies. Why should there be an initiative by the government to create "a monopoly for the stagnant and highly subsidised postal services'' when profitable public sector units have been privatised, it asked. When all other sectors like telecom, banking, insurance, airline and electricity have been liberalised, why clip the wings of the courier industry, it added.
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