Ludhiana: With the announcement of Punjab Deputy Chief Minister Sukhbir Singh Badal to establish world’s biggest cycle valley in Ludhiana and ultra modern focal point, the United Cycle Parts and Manufacturers Association (UCPMA) president Charanjit Singh Vishkarma hailed the announcement of the government but also wanted the government to take the existing industry into confidence.
Talking to ‘Daily Post’, president of Asia’s largest cycle association, Vishkarma said that with the establishment of cycle rally, the name of Ludhiana will come on the world map. He said that around two months ago they have accompanied Deputy Chief Minister Sukhbir Singh Badal on China tour where he met leading cycle manufacturer companies and later announced cycle valley. However, micro and small scale industry were under the threat of foreign investors but Vishkarma said that if government will take the existing industry in confidence the cycle valley would definitely prove hit for Ludhiana.
Take agreement from foreign investors before setup
Vishkarma said that several cycle parts including gear shifter, alloy wheel for hi-end bicycles, fibre frame, disk brakes, reflectors were not manufactured in Ludhiana and Punjab. The foreign investors were welcome to set up units in cycle valley but the government should take agreement from the foreign investors that they will not manufacture the parts which were already manufactured but the existing industry. Moreover, the government should allocate plots of small size to small scale and medium industry and provide other facilities to boost their business. The common treatment plant should also be setup for cycle valley, added Vishkarma. DP
Know the cycle industry
Cycle Industry in Punjab mainly Ludhiana manufactured one crore forty lakh cycles per year. The major cycle manufacturing units Hero, Avon and others were situated in Ludhiana. These units manufactured 30-40 lakh bicycles per year. Several small scale and micro industries depend of big manufacturing houses and supply party to the industries. More than one lakh people get employment from cycle industry. Ludhiana cycle industry exports the bicycles in other states. DP
Need and benefits of Cycle Valley
Punjab already leads the country in cycle manufacturing but now the need of hi-end bicycle has emerged among the customers. However, the cycle manufacturers were producing low-end cycles for local consumption. There is an emerging market for high-end cycles across the world. These cost over Rs 1 lakh each and are becoming fairly popular in Europe as more and more people are taking to cycling. To target the market the need to flourish cycle industry the establishment of cycle valley for the production of hi-end bicycles is required.
China contributes 66 percent in the manufacturing of hi-end bicycles and India only one percent. With the establishment of cycle valley India will become leading manufacturer of hi end bicycles. At present, the turnover of cycle industry is of Rs 7,000 crores and with the establishment of cycle rally the turnover will be more than Rs 30,000 crores. Moreover the cycle valley will generate jobs for 1.5 lakh people, which can go up to 4.5 lakh if the valley reaches its full potential.DP
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