Action Construction Equipment Ltd (ACE), a leader in India’s construction equipment manufacturing, has signed a pivotal Memorandum of Understanding (MoU) with Bank of Baroda, aimed at revolutionizing financing solutions for the construction industry. This collaboration is set to offer tailored financing options to ACE customers across the country, empowering construction businesses, local entrepreneurs, and startups with seamless access to funds for purchasing a wide range of equipment, including Backhoe Loaders, Cranes, Graders, and Forklifts.
The MoU, signed by ACE’s VP & Business Head of Earthmoving Equipment Division, Mr. Manish Handa, and Mr. Dhrubashish Bhattacharya, Head of MSME & Co-Lending at Bank of Baroda, represents a strategic alliance designed to meet the evolving needs of the manufacturing sector. By facilitating easy financing, this partnership will enable businesses to invest in advanced equipment, thereby enhancing productivity, efficiency, and innovation within the industry.
For the manufacturing sector, this agreement signifies a significant boost in operational capabilities, driving growth and competitiveness. ACE, with its robust presence and extensive product range, coupled with Bank of Baroda’s comprehensive financial services, will create a strong support system for manufacturers aiming to scale their operations.
Founded in 1995, ACE has established itself as a market leader in the construction equipment industry, with a strong focus on innovation and customer satisfaction. This collaboration further reinforces ACE’s commitment to advancing the manufacturing industry in India.