Chandigarh, July 28, 2019 (Yes Punjab News)
“The Punjab Government as part of its well conceived strategy to bolster industrial sector in the State and providing job avenues to the youth, would establish a High Tech Cycle Valley in 383 acres at village Dhanansu in District Ludhiana.
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 would entail the cost of Rs. 300 crore.
Disclosing this, the Industries and Commerce Minister, Punjab, Mr. Sunder Sham Arora said that the Punjab Government led by the Chief Minister Captain Amarinder Singh is working diligently towards setting up such industrial units in the State which would serve the twin purpose of being environmental friendly and providing employment avenues to the youth.
He also said that 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 in August, 2018. The minister also added that a 100 acre plot has been allotted and the possession given to the M/S Hero Cycles Limited, Ludhiana in December, 2018 for setting up of its main unit.
Mr. Arora further elaborated that M/S Hero Cycles Limited, Ludhiana has set the target of commencing production by April, 2022. He also added that the company has already begun the construction of boundary wall around the plot.
He also informed that as per the project, the PSTCL would set up an electricity sub-station of 400 KW on the 30 acres of land for which the land has been allotted and payment of Rs. 9.45 crore made.
The minister also elaborated that the cycle valley would be connected with the Chandigarh-Ludhiana National Highway by constructing a 100 ft. wide 4 laned and 8.5 KM long external road. Furtehrmore, 2 and 4 laned roads would also come up at the cycle valley with regard to which the tenders have been opened for technical and financial bids and the allotment of work is under process.
Sharing more details, Mr. Arora said that M/S I.L. and F.S. has submitted estimates closely examined by the Guru Nanak Dev Engineering College regarding Internal Roads, Boundary Walls, Draining of flood water, Water Supply Network and Water Sewerage.
All these estimates are being under reexamined by the PSIEC. The minister detailed that the basic facilities of the infrastructural nature are expected to be put in place by March, 2021.