Patel Integrated Logistics clarifies its stand

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.”