Published On: Mon, Jul 18th, 2011

TI Cycles, Hero Cycle, and Avon Cycle is investing Rs. 295 Crs.in Bihar

It is learnt that TI Cycles, with investment proposal of Rs 45 crore, has identified land in Hajipur industrial area, and the construction work, too, has been started. Representatives of Hero Cycle, with investment proposal of Rs 200 crore, have done the survey work with regard to their land at one or two places, a source said. Similarly, Avon Cycle, which is the biggest manufacturer of cycles in the country, has an investment proposal of around Rs 50 crore, and is also busy identifying the land for its manufacturing unit in the state. Bihar can afford absorption of around five lakh bicycles manufactured annually. Of the five lakh cycles produced annually, four lakh customers is expected to be from among the ninth standard students and another one lakh would be the general customers.

Since the Bihar govt. bycycle yojana was first introduced in 2007 for ninth standard girl students studying in government schools, the annual inflow of the number of girl students in high schools is estimate an  increase of nearly 1.60 lakhs. Last year, the government also decided to cover boys of ninth standard in high schools, and in the current fiscal, the money given to every such student for the purchase of bicycle has been increased to Rs 2,500 from the earlier Rs 2,000.

India is second next to China among the five biggest cycle manufacturing countries in the world — China, India, European UnionTaiwan and Japan.

  • vishal gaurav

    sir,
    i am intrested for purchase your scrap.
    guide me for this.
    thank you

    • Biharprabha Admin

      Helo Vishal
      We do not deal in such matter.
      We have to make arrangement for
      for providing such facilities.

      BiharPrabha

  • http://no Sunil Sharma

    In Bihar there is lot of companies started in this year. We are the manufacturer of packaging material such as Corrugated box and printed dibbis. So I am interested to shift my company from Ludhiana to Bihar.

    Packing is needed in every unit so this is a great chance for us to developing market and expand the business.

    So kindly guide me according to that

    Regards
    Sunil Sharma
    +919988672193

  • http://www.peopleofbihar.com Vikas Kumar

    Very great news. I believe within next 10 years Bihar will be an amazing place for investment and we will again reach to the Top heights as it was present during Ashoka The Great Period. Jai Hind, Jai Bihar.

  • S A Khan

    I have two plote. One plote in hajipur in Industry area & second is in kesariya.
    if u want opened factory than u call me.
    8521596247

  • ranjan kumar sharma

    respected sir,
    there are 107acres land in hajipur,360 bigha land in bihata maner for big plant.107acres land coat is 40lacs/bigha &360 bigha land cost is 18lacs/bigha

  • manish kumar yadav

    Sir/Madam,

    I am a BBA graduate from Bihar. Right now i am working in a BPO in Delhi/NCR.

    I am looking for a opportunity to work in BIhar.
    Please refer me job openings in Bihar which mach up with my qualification.

    Thanks & Regards
    Manish Kumar Yadav
    Mob. 9015858197
    E-mail- manish12kumar@gmail.com

  • binod yadav

    sir
    i want to job in bihar for new industries
    so how to posible
    i am done mba with two years exp in marketing

    binod
    9958082437

  • avnish srivastava

    dear sir,
    i want to do a deal with you for purchasing a property near hajipur in bihar.
    thanks

  • Raj Kumar

    Dear Sir,
    i am a design Engineer. I am intrested for cycle drg. & design in Bihar company.

  • Awadh Kishore

    we want to setup a hosiery industry please help

  • vivek kumar singh

    This is a good thinks for bihar employees

  • Subhash Chandra

    Sir i have done B Tech from BIT Sindri having about 18 years experience in welding of sheet metal and tublar parts for Maruti,forging and machining experience presently i m working in auto industry in jamshedpur, looking suitable opportunity with so many working peoples in Patna. I basically belongs near to Patna. plz call me on 9006511212.