The Hero Cycles Restricted is striving laborious to finish the Hello-Tech Cycle Valley venture at Dhanansu village and is more likely to begin business manufacturing a lot earlier than the goal interval of three years by April 13, 2022.
This was acknowledged by managing director, Punjab Small Industries and Export Company (PSIEC), Sumeet Jarangal, who visited the valley web site together with senior officers of the company and different departments on Tuesday.
Vice-chairman of Hero Cycles Restricted SK Rai and different senior officers of the corporate had been additionally current on the event. The corporate officers highlighted some vital points requiring the PSIEC’s consideration.
Jarangal mentioned the PSIEC had embarked upon its formidable venture of improvement of the valley in an space of 380 acres of land and, out of which, 100-acre land had already been allotted to Hero Cycle on December 21, 2018. He mentioned that the possession of your complete web site was delivered on April 14, 2019.
“The corporate has already constructed the boundary wall, web site workplace and the interior improvement of the plot is in progress. Upon completion of the venture, the corporate will generate employment alternatives for 3,000-5,000 folks,” he mentioned.
He mentioned, “To supply uninterrupted energy provide to the valley, 30-acre land has been allotted to the PSPCL for the establishing of a 400kva substation, the work of inner improvement of remaining 250 acres that’s roads, storm drains, sewerage system, electrical trench, water provide community has been began on the web site and will probably be accomplished inside 15 months that’s by August 31, 2021, the development of a concrete strategy highway and a high-level bridge over the Buddha Nullah is in progress and the identical will probably be accomplished by December 31, 2020.”
Jarangal mentioned, “The PSIEC is now planning to place up a 50-acre undeveloped chunk of land on e-auction very quickly. All-out efforts are being made to make up for the delay as a consequence of curfew/lockdown owing to Covid-19. Varied executing companies are given focused timelines for the completion of the venture.” He additionally assured all well timed inputs by the company.