Sany Bharat, recently signed a Memorandum of Understanding (MOU) with Union Bank of India. As per the agreement, the network of Union Bank will extend equipment finance to customers of Sany Bharat across the country and in turn the Bank’s portfolio under equipment finance is likely to strengthen and get a wider reach. While both the parties have agreed to pool their resources and capabilities for mutual benefits, the widespread presence of Union Bank is expected to facilitate Sany’s customers. The flexible payment options offered by the bank will facilitate Sany customers to manage cash flow and help in loan repayment. The widespread presence of Union Bank is expected to facilitate Sany’s customers pan India. Dheeraj Panda, Chief Operating Officer, Sany Heavy Industry India Ltd said, “We are delighted to be associated with Union Bank of India, considered to be a pioneer amongst PSU Banks. By enhancing their focus on the MSME sector, Union bank of India has eased the financial burden for our existing and potential customers.”