Ricoh gets contract to modernize India Post

New Delhi: The Indian government has awarded a contract worth Rs1,370 crore to Ricoh India Ltd, a part of the Tokyo-headquartered Ricoh Group, and Telecommunications Consultants India Ltd (TCIL) to modernize 129,000 post offices through automation, Ricoh said on Tuesday.

The project, initiated by the ministry of communications and information technology, aims to improve the quality of service at post offices, provide more value-added services and achieve financial inclusion of un-banked rural population.

"We are honoured to be associated with the ambitious project of modernization of Department of Posts. India Post is an iconic organization in India, the largest such network in the world and playing a crucial role in the socio-economic development of rural India, touching the lives of common man. We are committed to fulfil the objectives of Department of Posts, and be part of the success of Rural ICT - Hardware (RH) project," said Tetsuya Takano, managing director and chief executive of Ricoh India.

ICT is short for information and communications technology.

Under the agreement, Ricoh India will supply, install and maintain hardware, peripheral devices and operating system for the entire solution, and provide maintenance services for five years.

The National Democratic Alliance (NDA) government's push for e-governance may be able to give the domestic information technology market a much-needed fillip.

According to analysts and industry estimates, the revenue opportunity from these government projects could be as large as Rs25,000 crore over the next few years.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.