ACE, a key player in India’s construction equipment manufacturing sector, has joined forces with Bank of Baroda to enhance access to financing solutions. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to support construction equipment businesses nationwide.

The MoU, signed by Mr. Manish Handa, VP & Business Head of ACE’s Earthmoving Equipment Division, and Mr. Dhrubashish Bhattacharya, Head of MSME & Co-Lending at Bank of Baroda, marks a significant step towards offering tailored financial options to ACE customers. This partnership is designed to empower local entrepreneurs and startups by streamlining their access to essential financing.

Mr. Manish Handa expressed his enthusiasm about the collaboration, emphasizing its potential to broaden financing choices across the country and foster growth for both ACE and Bank of Baroda. The agreement covers ACE’s comprehensive range of construction equipment, including Backhoe Loaders, Front End Loaders, Cranes, Graders, Compactors, and Forklifts.

This initiative underscores ACE’s commitment to meeting the dynamic needs of the construction industry while supporting its customers’ financial requirements through strategic partnerships like this one with Bank of Baroda.