Pa­tel In­te­grated Lo­gis­tics clar­i­fies its stand

Cargo Talk - - Interview -

Clar­i­fy­ing about the tie up with Ama­zon In­dia, Pa­tel In­te­grated Lo­gis­tics has said that there is no ex­clu­sive tie-up, but like any other reg­u­lar business deal­ing. “The company's com­mer­cial re­la­tion­ship with Ama­zon In­dia is non-ex­clu­sive and a purely cus­tomer-to-ven­dor based re­la­tion­ship like our other reg­u­lar cus­tomers with whom we are deal­ing with. There was no ne­go­ti­a­tion of any na­ture be­sides rates as we share with any other cus­tomer in course of our nor­mal business,” the company stated. The company added, “Since E-com­merce has been the flavour of the mar­ket for the last cou­ple of months and Pa­tel In­te­grated Lo­gis­tics be­ing a 50-year- old listed company, the press had ap­proached us and asked us for the list of E-com­merce cus­tomers who we are deal­ing with. There­fore, we shared the ex­ist­ing in­for­ma­tion with them. Fur­ther with Ama­zon, we have a reg­u­lar business con­tract for the last five to six months and there is a re­la­tion­ship as a reg­u­lar cus­tomer only. There is no fi­nan­cial or non fi­nan­cial spe­cial ar­range­ment of any man­ner with Ama­zon other than the afore­said ven­dor-to-cus­tomer re­la­tion­ship.”

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