West Bengal govt to set up Bicycle Park with annual production capacity of 7 lakh

Kolkata, May 18 (KNN) The West Bengal government will establish a bicycle park at Vidyasagar Industrial Park at Kharagpur in West Midnapore which will annually produce a total of 6-7 lakh bicycles in another 2-3 years of its operations.

In the first 18 months, the bicycle park will have yearly production capacity of 4 lakh bicycles.

Making the announcement, Chief Minister Mamata Banerjee claimed that the bicycle park will create employment for more than 4000 people.

The park will be developed in three phases on 65 acres of land.

In first phase total 5 units will be set up in a land of 30 acres which will together manufacture various components like cycle frame, tyres, tubes, hub, rim etc.

Once the park is fully operational it is expected to attract Rs 200 crore worth investment and a

The park will attract an investment of around Rs 200 crore and business turnover is expected to reach Rs 1000 crore on a yearly basis.

Approximately 78.9 per cent of households in Bengal have bicycles, the highest in the country, as per the National Family Health Survey (NFHS-5) against national average of 50.4 per cent.  (KNN Bureau)