The Department of Posts today signed a Bilateral Agreement on the International Tracked Packet Service (ITPS) with JSC Russia Post. The Ministry of Communications said that this move marks an important milestone in strengthening cross-border postal cooperation between both the nations. It said that under the agreement, India Post will be able to offer this service to exporters at competitive tariffs, improving price competitiveness and market access for Indian sellers. The launch of ITPS with Russia is expected to particularly benefit MSMEs, artisans, start-ups and rural entrepreneurs, enabling them to sell their products on Russian e-marketplaces with competitive logistics rates and dependable delivery timelines.
The ministry highlighlted that the agreement signifies the shared commitment of both nations to deepening bilateral trade, promoting digital commerce and strengthening collaboration in postal and logistics services. It added that this decision will facilitate the growing volume of e-commerce trade between the two countries. The Ministry also informed that the agreement is aiming to create a cost-effective, trackable and reliable logistics channel for low-value consignments, an essential requirement for the global e-commerce ecosystem.
