ACE and Sanghvi support “Make in India” vision

The agreement is in support of the “Make in India” programme. Photo: ACE Cranes

Sanghvi Movers Limited and Action Construction Equipment Limited (ACE) signed a memorandum of understanding (MOU) to work together on increasing the Indian market adoption of locally-built cranes.

ACE manufactures cranes, materials handling and construction equipment. Sanghvi Movers is the largest crane rental company in India and the 5th largest in the world, according to the 2025 IC100 ranking of the world’s largest crane-owning companies.

The MOU aims “to significantly scale up the deployment and usage of indigenously manufactured heavy slew cranes, primarily truck cranes and crawler cranes, across major infrastructure and industrial projects in India,” it was announced.

The idea is to use more Indian-made heavy lifting equipment, thereby reducing dependence on imports. It was hailed as “a key step towards advancing the Government of India’s Aatmanirbhar Bharat vision under the ‘Make in India’ programme.”

Rishi Sanghvi, left, and Sorab Agarwal sign the MOU during the Excon trade show in India. Photo: ACE Cranes

In agreement

Sanghvi will expand its fleet with ACE cranes and in turn ACE will focus on improving product support, customisation capabilities, and technical solutions.

Commenting at the MOU signing ceremony Rishi Sanghvi, Sanghvi Movers managing director, said, “Our collaboration with ACE is a strategic enabler for sustainable growth. By expanding our fleet with domestically manufactured cranes, we not only reduce import dependency but also ensure superior serviceability, quicker turnaround time, and greater value creation within India’s economy.”

For his part Sorab Agarwal, ACE executive director, said, “India’s heavy slew cranes market has historically relied on imports. Through this partnership, we are deepening the Make in India initiative by offering world-class indigenous alternatives that deliver performance, safety, and lifecycle value. This MOU reflects our commitment to building national capability and contributing to true industrial self-reliance.”

Primarily known as a manufacturer of pick and carry cranes ACE said it has a 63 per cent share of the mobile crane market in India and a 60 % share of the tower crane market there. It also offers truck mounted, articulating and rough terrain cranes, self erecting and top slewing tower cranes, plus a range of other construction machinery.