ACE and Sanghvi Movers partner for heavy cranes in India
Action Construction Equipment Limited (ACE) and Sanghvi Movers Limited have signed a strategic memorandum of understanding (MOU) to significantly expand the use of indigenously manufactured heavy slew cranes, including truck cranes and crawler cranes, across major Indian infrastructure and industrial projects. This collaboration aligns with the government of India's "Aatmanirbhar Bharat" and "Make in India" initiatives, aiming to reduce dependence on imported cranes and strengthen national capabilities in heavy lifting.
Under the MOU, Sanghvi Movers will progressively increase its fleet with heavy cranes manufactured by ACE. In turn, ACE will prioritize product support, customization, and technical solutions tailored to India's growing infrastructure needs. The partnership is expected to drive substantial import substitution, foster local supply chain development, and contribute to employment generation and skill development within the country.
Sorab Agarwal, executive director, ACE, highlighted the historical reliance on imports for India's heavy slew cranes market and emphasized the partnership's role in offering "world-class indigenous alternatives." Rishi C. Sanghvi, managing director, Sanghvi Movers, noted that expanding their fleet with domestically manufactured cranes will enhance serviceability and create greater value within India's economy.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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