Srei Equipment Finance launches equipment exchange scheme

The equipment owners can exchange their old equipment to buy new ones

Equipment solution provider Srei Equipment Finance Limited (SEFL) has come up with a first-of-its-kind scheme whereby construction equipment owners can exchange their old equipment to buy new ones and avail attractive financing solutions.

"Pre-owned construction equipment market in India is largely unorganised and our initiative helps buyers acquire used equipment at a fair value by directly interacting with the sellers.We believe it is a win-win situation for all customer segments, OEMs and Asset Finance Solution providers, like ours", Devendra Kumar Vyas, CEO of SEFL said in a statement.

Equipment owners are able to replace their existing equipment with those having higher productivity, better technology and improved fuel efficiency.

Read more from our special coverage on "SREI"

• Vioms stake sale fetches Srei Rs 2,931 cr

In this endeavour, the company had recently organised a programme in Jaipur in Rajasthan to showcase the benefits of the scheme.

"This is a splendid initiative. The platform will help equipment owners like us in replacing our existing equipment with new ones without any hassles and with easy financial schemes", Khangar Singh Rajpurohit a contractor from Jodhpur said.