ActionConstruction Equipment Ltd. (ACE), one of India’s leading ConstructionEquipment and manufacturing companies, has signed a Memorandum ofUnderstanding (MoU) with Bank of Baroda to provide financing solutions for theconstruction equipment businesses. Under this agreement, the Bank of Barodafinance option will be available across the country for ACE customers. Thispact will empower construction equipment businesses, local entrepreneurs, andstartups by providing seamless access to a tailored financing option.

This strategiccollaboration extends to all Construction Equipment range offered by ACE,including Backhoe Loaders, Front End Loaders, Cranes (all range), Grader,Compactors and Forklifts.

Speaking at theOccasion of signing this MoU, Manish Handa, Vice President and Business Head ofEarthmoving Equipment Division at ACE said, “This MOU will definitely helpour customers with wider choice of financing options across the length andbreath of the country and offer a platform to both the ACE and Bank ofBaroda to grow their business in a mutually beneficial way.”

The MOU wassigned in the presence of Manish Handa (left), Vice President and Business Headof Earthmoving Equipment Division at ACE, and Dhrubashish Bhattacharya, Head ofMSME and Co-Lending at Bank of Baroda.