Adani Enterp. 2445.05↓-47.10(-1.89%)
Adani Ports 736.60↑4.55(0.62%)
Apollo Hospitals 4967.30↑153.05(3.18%)
Asian Paints 3237.25↓-3.45(-0.11%)
Axis Bank 926.10↑6.40(0.70%)
B P C L 360.05↓-4.50(-1.23%)
Bajaj Auto 4669.10↑25.50(0.55%)
Bajaj Finance 7023.90↓-16.60(-0.24%)
Bajaj Finserv 1457.25↑7.10(0.49%)
Bharti Airtel 836.50↑8.55(1.03%)
Britannia Inds. 4654.15↑18.90(0.41%)
Cipla 965.85↑1.10(0.11%)
Coal India 230.90↑0.55(0.24%)
Divi's Lab. 3511.60↓-13.80(-0.39%)
Dr Reddy's Labs 4610.45↑58.40(1.28%)
Eicher Motors 3699.40↓-16.65(-0.45%)
Grasim Inds 1710.55↑8.10(0.48%)
H D F C 2645.90↓-0.80(-0.03%)
HCL Technologies 1137.05↓-4.85(-0.42%)
HDFC Bank 1606.50↑2.50(0.16%)
HDFC Life Insur. 576.40↓-5.80(-1.00%)
Hero Motocorp 2892.65↑92.25(3.29%)
Hind. Unilever 2716.70↑18.80(0.70%)
Hindalco Inds. 420.75↑14.40(3.54%)
ICICI Bank 938.15↑2.05(0.22%)
IndusInd Bank 1288.20↓-1.95(-0.15%)
Infosys 1299.00↓-20.50(-1.55%)
ITC 443.40↑3.70(0.84%)
JSW Steel 706.60↑12.75(1.84%)
Kotak Mah. Bank 1938.75↑8.70(0.45%)
Larsen & Toubro 2234.55↑26.75(1.21%)
M & M 1341.40↑22.50(1.71%)
Maruti Suzuki 9485.35↑157.05(1.68%)
Nestle India 22046.45↑172.15(0.79%)
NTPC 174.55↑0.15(0.09%)
O N G C 154.70↑1.05(0.68%)
Power Grid Corpn 234.60↑1.60(0.69%)
Reliance Industr 2455.20↓-8.05(-0.33%)
SBI Life Insuran 1202.50↓-5.25(-0.43%)
St Bk of India 587.20↑4.45(0.76%)
Sun Pharma.Inds. 999.60↑11.90(1.20%)
Tata Consumer 796.05↑2.40(0.30%)
Tata Motors 535.90↑0.70(0.13%)
Tata Steel 108.00↑2.05(1.93%)
TCS 3305.60↓-18.40(-0.55%)
Tech Mahindra 1123.10↑2.30(0.21%)
Titan Company 2861.65↑34.40(1.22%)
UltraTech Cem. 7850.65↑7.85(0.10%)
UPL 683.35↑5.40(0.80%)
Wipro 404.95↓-2.20(-0.54%)

Ludhiana facility to fast-track bicycle SMEs, says CRISIL report

The industry is clustered in Ludhiana, Punjab, and as many as 85-90% of units are SMEs that cater to original equipment manufacturers

Ludhiana facility to fast-track bicycle and accessories SMEs: CRISIL

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2 min read Last Updated : Apr 29 2019 | 10:01 PM IST

India’s bicycle and accessories market is expected to grow at a healthy pace over the next two years on the back of rural demand, shifting consumer preference towards premium products, export demand from Africa and Europe, and government welfare schemes.

In this context, the Punjab government’s announcement last December that it would set up a “Hi Tech Cycle Valley” in Dhanansu village, Ludhiana, through the Punjab Small Industries and Export Corporation (PSIEC), is timely.

The industry is clustered in Ludhiana, Punjab, and as many as 85-90 per cent of units are SMEs that cater to original equipment manufacturers (OEMs).