BANGALORE
The Indian Railway Catering and Tourism Corporation (IRCTC) plans to begin retailing apparel, footwear and home decor on its online portal.
IRCTC, India’s largest online transaction site, books nearly 37 % of about 31 crore rail tickets reserved every year. The state-owned organisation will now partner with Shop Online Trading, a subsidiary of online retail venture Yebhi to launch the online retail venture.
“Shop Online will handle IRCTC’s retail backend operations,” said Manmohan Agarwal, CEO of Big Shoe Bazaar India, which owns Yebhi. “At even conservative estimates, we expect sales of around Rs 200 crore from this partnership in the first year of operations.”
Full report here Econonic Times
