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State Government | Punjab - India | PID: 190048
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Value: 300 Crore | The government of Punjab will establish a high-tech cycle valley on 383 acre at Dhanansu village in Ludhiana district. The modalities, with regard to purchasing the required 383 acre land, have been completed whereas the layout plan has also been accorded approval. The project will entail the cost of Rs 300 crore.
The requisite clearances in connection with establishing the cycle valley in Ludhiana have been taken, besides those from the Union Ministry of Environment, Forests and Climate Change (MoEF&CC) in August 2018.
A 100 acre plot has been allotted and possession has been given to Hero Cycles in December 2018 for setting up its main unit. The company has set the target of commencing production by April 2022.
The Cycle Valley will be connected with the Chandigarh-Ludhiana National Highway by constructing a 100 ft wide four-lane and 8.5 km long external road.
Furthermore, two- and four-lane roads will also come up at the cycle valley with regard to which tenders have been opened for technical and financial bids. The allotment of work is under process.
| Updated on: 29 - Jul - 2019
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