Hero cycles eyes setting up Rs 400 crore project at Sahnewal | punjab | Hindustan Times
Today in New Delhi, India
May 25, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Hero cycles eyes setting up Rs 400 crore project at Sahnewal

Hero Cycles chairman Pankaj Munjal on Saturday showed interest in setting up a cycle valley at the cost of Rs 400 crore on the lines of IT Silicon Valley near Sahnewal in Ludhiana.

punjab Updated: Apr 23, 2017 14:31 IST
HT Correspondent
Pankaj Munjal

(HT Representative Image)

Hero Cycles chairman Pankaj Munjal on Saturday showed interest in setting up a cycle valley at the cost of Rs 400 crore on the lines of IT Silicon Valley near Sahnewal in Ludhiana.

Sharing a detailed report with the CM, Munjal said the project would require around 100 acres of land and would provide employment to 4.5 lakh people in the cycle industry.

Applauding the proposal, the CM said he was happy to welcome industry in the state for employment generation and economic revival.