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The country's largest bicycle maker Hero Cycles would invest around 250 crore to set up an eCycle valley in Punjab, where it would have an entire ecosystem for manufacturing electric bicycle. The total investment in 100-acre project would be around Rs 600 crore, in which the rest amount of Rs 350 crore would be invested through joint venture partners and ancillary units, said Hero Motors Company Chairman & Managing Pankaj M Munjal in Thursday. Besides, the company aims to have around 10 per cent share of the growing electric bicycle market globally by 2022. According to him, 70 to 80 per cent of the production from the park would be exported and most of them would be shipped to Europe, which is one of the largest electric vehicle markets. "We are building new factories. We have bought 100 acres of land and we are going to set up an eCycle valley. We would have several partnership with companies as from Japan for motors, various suppliers," Munjal added. The company would start the