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Hero Cycles Eyes Setting Up Rs. 400 Cr Project

Industry Transport equipment

Hero Cycles is planning a bicycle manufacturing near Sahnewal in Punjab. The project will come up at the proposed 300-acre ‘cycle valley’ on the outskirts of Ludhiana with an investment of Rs.400 crore. The project would require about 100 acres of land and would lead to doubling of the people involved in the cycle industry from the current 4.5 lakh.

Extracted from HBL, Apr 22,’17

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