The US-based home delivery and logistics company Specialised Transportation Inc is entering into Indian market by entering into a strategic alliance with Patel Retail, a subsidiary of Patel Integrated Logistics.
STI, a high-value transportation company, is a specialised home delivery major offering computer, telecommunication products, robotics, medical & office equipment, fine art, commercial relocations and store fixtures.
STI may also pick up a minority stake in the Patel Group at a later stage following this alliance. As per the business plan, STI will manage home delivery products by using warehouses and logistics support for Patel Retail.
Through this strategic alliance, STI will get access to Indian market using Patel Retail network and the latter will get exposure to the US market. However, the investment details of this venture has not been disclosed.
PIL Vice-chairman Arif A Patel said, "The business model