Action Construction Equipment Ltd. (ACE), a prominent player in India’s construction equipment manufacturing sector, has entered into a Memorandum of Understanding (MoU) with Bank of Baroda to facilitate financing solutions for construction equipment businesses.
The MoU was signed by Mr. Manish Handa, VP & Business Head of the Earthmoving Equipment Division at ACE, and Mr. Dhrubashish Bhattacharya, Head of MSME & Co-Lending at Bank of Baroda.
Under this partnership, ACE customers across the country will have access to tailored financing options provided by Bank of Baroda. This agreement aims to support construction equipment businesses, local entrepreneurs, and startups by offering seamless access to financing.
Speaking on the occasion, Mr. Manish Handa expressed, “We are delighted to sign this MoU with Bank of Baroda. This collaboration will undoubtedly benefit our customers by providing a wider choice of financing options nationwide and offer a growth platform for both ACE and Bank of Baroda.”
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This strategic partnership covers the entire range of ACE’s construction equipment, including Backhoe Loaders, Front End Loaders, Cranes, Graders, Compactors, and Forklifts. ACE is committed to understanding and meeting the evolving needs of the construction industry and its customers.
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