LUDHIANA: In a excellent news for town businessmen who have been looking ahead to clearance of roadblocks within the cycle valley-cum-Focal Point venture arising at Dhanansu, the general public hearing of the environmental have an effect on evaluate has been completed successfully. This was informed through Rajat Aggarwal, managing director of the Punjab Small Industries and Export Corporation Limited (PSIEC).
The venture, which was initiated through the Shiromani Akali Dal govt in 2016, was delayed after the alternate of government, but the previous few months noticed it coming again on track with the PSIEC getting all vital permissions and approvals to begin allotment of plots.
Meanwhile, bicycle large Hero Cycles Limited on Tuesday claimed that it was in talks with the state govt for putting in a plant value Rs 250 crore within the valley to fabricate E-bikes.
PSIEC chief Rajat Aggarwal showed, “We have got a excellent proposal from Hero Cycles Limited and it's into consideration. The public hearing for environmental have an effect on evaluate was completed on June 12 and shortly we can observe for registration of the venture underneath Real Estate Regulation and Development Act (RERA). Considering all elements and permissions needed, it's likely that through September all the formalities will be completed and we can get started allotment.”
Pankaj Munjal, chairman and managing director of Hero Cycles, mentioned, “The Punjab govt is able to allocate 100 acres for our venture. We plan to launch electric bicycles for 10 other segments. We will take in 5 other joint ventures with Japanese, Germans and Taiwanese top-of-the line firms within the subsequent six months. Our UK subsidiary, Avocet, could also be planning to launch these new fashions in September.”
The venture, which was initiated through the Shiromani Akali Dal govt in 2016, was delayed after the alternate of government, but the previous few months noticed it coming again on track with the PSIEC getting all vital permissions and approvals to begin allotment of plots.
Meanwhile, bicycle large Hero Cycles Limited on Tuesday claimed that it was in talks with the state govt for putting in a plant value Rs 250 crore within the valley to fabricate E-bikes.
PSIEC chief Rajat Aggarwal showed, “We have got a excellent proposal from Hero Cycles Limited and it's into consideration. The public hearing for environmental have an effect on evaluate was completed on June 12 and shortly we can observe for registration of the venture underneath Real Estate Regulation and Development Act (RERA). Considering all elements and permissions needed, it's likely that through September all the formalities will be completed and we can get started allotment.”
Pankaj Munjal, chairman and managing director of Hero Cycles, mentioned, “The Punjab govt is able to allocate 100 acres for our venture. We plan to launch electric bicycles for 10 other segments. We will take in 5 other joint ventures with Japanese, Germans and Taiwanese top-of-the line firms within the subsequent six months. Our UK subsidiary, Avocet, could also be planning to launch these new fashions in September.”
Project on track finally: Allotment for cycle valley plots from September
![Project on track finally: Allotment for cycle valley plots from September]()
Reviewed by Kailash
on
June 28, 2018
Rating:
