Punjab Industries and Commerce Minister Sunder Sham Arora on Sunday asserted that with Hi-Tech Cycle Valley, coming up on 378.77 acres of land in Ludhiana, will be on the world map as cycle industry titans are establishing their units there which would in turn generate employment opportunities for the youngsters of the State.

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Layout plan, change of land use (CLU), Environmental Clearance under EIA notification, RERA have also been accorded approval for the entire chunk of 378.77 acres land. The project would entail the cost of Rs 365 crore.

He said that the Chief Minister Capt Amarinder Singh led is working diligently towards setting up such industrial projects in the State which would serve the twin purpose of being environmental friendly and providing EMPLOYMENT avenues to the youth.

A 100-acre plot had been allotted to Hero Cycles Limited, Ludhiana, in December 2018 for setting up of anchor unit on

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which Hero Cycles Limited has already commenced production from April 2021 after constructing requisite manufacturing Infrastructure.

Further, 61.38 acre plot has been allotted to the Aditya Birla Group and 17 acre plot allotted to the JK Paper Industry.

The Industries and Commerce Minister added that the cycle valley has been connected with the Chandigarh-Ludhiana national highway by constructing a 100 feet wide four-lane and 8.3 Km long, external concrete road, and handed over to the public on 14 April, 2021.