MAW Earthmovers Pvt. Ltd., the sole distributor of JCB Construction and Heavy Equipments in Nepal, has inked a Memorandum of Understanding with Mega Bank Ltd. to enter into a strategic financing partnership. The agreement is signed by Mr. Vishnu Kumar Agarwal, Chairman of MAW Earthmovers Pvt. Ltd., and Ms. Anupama Khunjeli, CEO, Mega Bank Ltd., in presence of Mr. Virender Bhardwaj, Country Head, Nepal from JCB India Ltd. The agreement will enable both partners to offer customized financial solutions to JCB customers across the country with a focus on semi-urban and rural geographies.

“With pan-Nepal presence, both organizations can leverage their strengths for the benefit of the customers,” Mr. Vishnu Kumar Agarwal, Chairman of MAW Earthmovers Chairman said, “With this partnership, we believe that we will be able to carry our common goal of customer satisfaction by delivering service excellence. We are proud to be a trusted brand in the Construction and Heavy Equipment sector in Nepal with more than 50 percent market share.”

Mr. Virender Bhardwaj, Country Head-Nepal, JCB India, said, “MAW Earthmovers has always been one of the best JCB dealers because it prioritizes on the need and demand of the market in delivering the technically advanced machines to perfectly fit in the Nepalese market with high and ease of work performing capabilities. Nepal is a developing country with huge opportunities in roads, hydro, cement, and mines. Basically, the pace of constructional developmental works is in peak.”

“We believe MAW Earthmovers fulfills the need and acts as a development companion of the nation as it always thinks about the development of the nation by boosting the constructional works matching it with a highly demanded technical specification to ensure the best quality of work,” he added, “Retail financing is a very integral part of Construction and Heavy Equipment Business. I believe this tie-up will enforce MAW to support its customers residing in various places from Nepal with own and Mega Bank’s wide coverage across Nepal.”