New Delhi April 22 (IANS) Amid the revival in industry sentiment in Punjab Hero Cycles on Saturday expressed interest in setting up a Rs 400 crore cycle valley on the lines of the Silicon Valley near the state s Sahnewal town.
This was conveyed by Hero Cycles Pankaj Munjal at a meeting with Chief Minister Amarinder Singh here.
During the meeting the Chief Minister asked Munjal to share a detailed proposal for the project which would include technical and research and development centres among other critical industry facilities according to an spokesperson in the Chief Minister s office.
Munjal informed the Chief Minister the project would require about 100 acres of land and would lead to a doubling from the current 4.5 lakh of the people involved directly or indirectly in the cycle industry.
--IANS
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Hero keen to invest Rs 400 cr for cycle valley in Punjab
