SANY India collabs with Union Bank to strengthen equipment financing

SANY India, a prominent construction equipment manufacturer, is happy to announce the signing of a Memorandum of Understanding (MoU) with the Union Bank of India.

Through this strategic partnership, SANY India aims to provide significant growth and development opportunities across the country and improved financial support to its customers, making it easier to access SANY India’s advanced product line and readily available financial solutions.

The MoU was signed in the presence of Naveen Jain, Union Bank of India’s Zonal Head, Pune, and Sanjay Saxena, COO of SANY India, as well as top personnel from both organisations.

This collaboration between SANY India and Union Bank of India is deliberately designed to maximise both companies’ strengths, resulting in a range of customised financial services tailored to the needs of customers. This alliance aims to improve the financing process, making it more effective and customer-friendly, empowering businesses across multiple sectors.

Sanjay Saxena, the COO of SANY INDIA, stated, “We are happy to join hands with Union Bank of India, a leading institution of economic well-being within its operational areas. This MoU is a testament to our commitment to delivering exceptional financial services alongside our cutting-edge products, empowering customers across India.”

Highlighting the significant reliance on Union Bank of India for equipment financing, Mr. Saxena added, “The MSME schemes offered by Union Bank of India benefit all profiles of construction equipment customers. This partnership highlights the bank’s strong commitment to funding construction equipment. With Union Bank of India as our preferred financier, customers can conveniently access financing solutions for our earthmoving and construction equipment without exploring alternative options.”

Naveen Jain, Zonal Head, Pune, of Union Bank of India, commented, “We are pleased to enter this strategic partnership with SANY India and continuously strive to provide beneficial opportunities for our customers. With construction and infrastructure activities thriving across the country, the demand for earth-moving and construction equipment is on the rise. Through our Construction Equipment Finance schemes, prospective buyers of SANY equipment can easily avail themselves of financing tailored to meet their financial requirements.”

This alliance represents a watershed moment in the finance and construction industries, promising a collaborative connection that will benefit clients, promote industry growth, and support national development goals.

For more information, visit: https://www.sany.in/