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P S I E C

(A State Government Undertaking)

Hi-Tech Cycle Valley, Dhanansu, Ludhiana

Govt. of Punjab through PSIEC is in the process of developing a world-class state of the art Hi-Tech Cycle Valley in an area of 383 acres at Dhanansu, District Ludhiana with an approximate cost of Rs. 500.00 Crore which would attract new investors not only from within the country but also overseas.

The project will create a global hub for manufacturing products related to predominantly mobility domain such as Automobile, Auto Components, Bicycle, Bicycle Parts, Electric Vehicles such as E-Bikes, E-Rickshaws, Lithium ion batteries and other sectors covering textile, hosiery, garments etc. which will give impetus for up-gradation in technology and thus, the industry of Ludhiana would remain competitive in the global scenario.

This project has been listed as one of the key projects by the State Govt. and its present status is as under:

  • All Mandatory clearances including Environmental Clearance from Ministry of Environment, Forest & Climate Change, Govt. of India have already been obtained.
  • M/s IL&FS (Cluster) have been appointed the project consultant for planning & designing of infrastructure services.
  • 100' wide 4-lane, 8.5 Km external approach road from Chandigarh-Ludhiana National Highway to the project site would be completed by March 31, 2020.
  • Area development would be taken in hand during June, 2019 & basic Infrastructure amenities would be provided by December 31, 2020, whereas other amenities for e.g. Convention Centre, Exhibition Centre, Skill Development Centre etc. would be completed by Dec. 31, 2021.