Action Construction Equipment Ltd (ACE) has entered into a significant Memorandum of Understanding (MoU) with Bank of Baroda. This partnership aims to provide enhanced financing solutions for businesses in the construction equipment sector.
The MoU was signed in the presence of key representatives from both organizations: Manish Handa, Vice President & Business Head of the Earthmoving Equipment Division at ACE, and Dhrubashish Bhattacharya, Head of MSME & Co-Lending at Bank of Baroda.
Under this agreement, ACE customers across the nation will have access to tailored financing options from Bank of Baroda. This initiative is designed to empower construction equipment businesses, local entrepreneurs, and startups by offering seamless and accessible financing solutions.
Speaking at the signing ceremony, Manish Handa, Vice President & Business Head of the Earthmoving Equipment Division, ACE stated, “We are delighted to sign this MoU with Bank of Baroda. This MoU will definitely help our customers with wider choice of financing options across the length & breadth of the country and offer a platform to both the ACE & Bank of Baroda to grow their business in a mutually beneficial way.”
This strategic collaboration will cover the entire range of construction equipment offered by ACE, including Backhoe Loaders, Front End Loaders, Cranes (all ranges), Graders, Compactors, and Forklifts. ACE continues its commitment to understanding and meeting the evolving needs of the construction industry and its customers through such innovative partnerships.