India Post to Soon Onboard ONDC Platform, Signs MoU With CAIT

India Post, one of the largest postal networks in the world, has signed a Memorandum of Understanding (MoU) with the Confederation of All India Traders (CAIT) to onboard the ONDC platform. This will enable the postal department to offer a wide range of services to traders, including the ability to track shipments, generate an e-way bill, and more.

As part of the agreement, India Post and CAIT will also work on developing a centralized database for traders to manage their transactions seamlessly. This will enable traders to access critical information such as their invoicing and tax filing history in real-time.

The ONDC platform is a joint initiative of the National Informatics Centre (NIC) and the Department of Posts. It aims to provide a one-stop solution for all traders in the country, enabling them to manage their logistics and supply chain needs efficiently.

The platform is expected to bring transparency to the entire logistics chain by providing real-time updates on the movement of goods. It will also eliminate the need for multiple platforms currently used by traders to manage their logistics needs.

With India Post’s vast network of over 1.5 lakh post offices across the country, the adoption of the ONDC platform is expected to accelerate the growth of e-commerce in the country. The platform will enable e-commerce players to reach new markets and connect with a wider customer base.

The partnership between India Post and CAIT is expected to play a crucial role in driving the adoption of the ONDC platform among traders. With the use of technology, the platform aims to reduce the cost of logistics and improve the efficiency of the supply chain.

The ONDC platform is also expected to benefit the government by enabling it to track the movement of goods and ensure compliance with tax and regulatory requirements. The platform will enable the government to monitor the entire logistics chain, from the point of dispatch to the point of delivery, thereby improving efficiency and reducing revenue leakage.

In conclusion, the partnership between India Post and CAIT to bring the ONDC platform onboard is expected to usher in a new era of growth for traders in the country. The platform will provide a one-stop solution for logistics and supply chain management, enabling traders to focus on their core business. By leveraging technology to improve efficiency and reduce costs, the platform is expected to drive the growth of e-commerce in the country, making it more accessible to a wider audience.