The state government of Punjab has decided to earmark 100 acres of land in upcoming Hi-Tech Cycle Valley in Village Dhanansu, Ludhiana for development of a state-of-the-art Industrial Park within the Cycle Valley.
The decision has been taken to give a boost to cycle and light engineering industry of Ludhiana.
According to an official statement, the state government has already approved the project for setting up of Hi-Tech Cycle Valley through PSIEC over 380 acres of Panchayati Land. Industrial growth of Ludhiana city significantly relies on Cycle and small scale manufacturing industry.
The main idea behind creation of the envisaged Industrial Park is to create an eco-system for hi-tech bi-cycles and engineering products which will give impetus for up-gradation in technology and thus, the industry of Ludhiana would remain relevant and competitive globally.
PSIEC is inviting Request for Proposal for selection of Project Company to setup an Anchor Unit for manufacturing of mobility solution like, Automobile, Auto Components, Bicycle, Bicycle Parts, Electric Vehicles such as E-Bikes, E-Rickshaws, Lithium ion batteries etc. and to develop the Industrial Park along with ancillary/ vendor units at Hi-Tech Cycle Valley, Village Dhanansu, District Ludhiana. Request for Proposal would be floated on October 29 and last date for submission of bids has been fixed for November 29.
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