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Sany India and J&K Bank Forge Strategic Partnership for Enhanced Financial Solutions

New Delhi, March 13, 2024 – In a move set to revolutionize access to construction equipment and financial services, Sany India, a behemoth in the manufacturing of construction machinery, has joined forces with J&K Bank through a Memorandum of Understanding (MoU). This collaboration is aimed at propelling growth and making cutting-edge construction equipment more accessible to customers in Jammu, Kashmir, and Ladakh by offering bespoke financial solutions.

The partnership was cemented with the signatures of Nishikant Sharma, Deputy General Manager of J&K Bank, and Sanjay Saxena, COO of Sany India, in an event graced by senior officers from both entities. This strategic alliance is poised to harness the strengths of both organizations, ensuring customers enjoy competitive interest rates, flexible repayment plans, and a smoother acquisition process for essential machinery pivotal to infrastructure development.

Sanjay Saxena, celebrating the partnership, remarked, “This collaboration with J&K Bank marks a milestone in our mission to provide outstanding financial services that complement our advanced machinery offerings, thus enabling empowerment across the regions of Jammu, Kashmir, and Ladakh.”

He further highlighted the vital role of J&K Bank in financing 80% of Sany equipment sales in the region last year, underlining the bank’s significant impact and reach. “With J&K Bank as our preferred financier, our customers can now access superior financing solutions with ease, streamlining their procurement of our earthmoving and construction equipment,” Mr. Saxena added.

Echoing the enthusiasm, Mr. Nishikant Sharma of J&K Bank shared, “Our objective has always been to enrich our customers’ opportunities. As construction activities surge in J&K and Ladakh, so does the demand for specialized equipment. Our Construction Equipment Finance scheme is tailored to meet this burgeoning need, offering prospective Sany equipment buyers financial solutions designed around their requirements.”

Both parties emphasized the importance of this partnership in fostering future growth and delivering mutual benefits, setting a new precedent in the integration of financial services and construction equipment supply.

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