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Punjab has been chosen as the place of investment
Hero Cycles Limited, a leading organization in the cycle industry, has set up a state-of-the-art unit for manufacturing state-of-the-art cycles and e-bikes at Hero Industrial Park, spread over an area of 100 acres in Hi-Tech Valley. It was inaugurated in April 2021. The unit will also have ancillary units at Hero Industrial Park. Similarly, the Aditya Birla Group, a Fortune-500 company, through its flagship company, Grossim Industries Limited, has selected Punjab as an investment destination for its paint business.
automatic method will be used
The group has purchased 61.38 acres of industrial land in Hi-Tech Valley for its new venture. Aditya Birla’s upcoming plant will be equipped with latest manufacturing technology and thus will operate at high technical efficiency. The plant will be controlled by advanced technology of DCS/PLC. Automated method will be used for management of RMPM and FG warehouses inside the plant. In addition, 17 acres of industrial land has been allotted to JK Papers Limited for setting up a unit for manufacturing of boxes and packaging products.
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400 KV power sub station to be built in Hitech Valley
Punjab Industries and Commerce Minister Gurkeerat Singh said that in order to provide high quality and standard electricity, Punjab State Transmission Corporation Limited (PSTCL) would set up a 400 KV power grid station on 30 acres of land, for which land would be allotted. has been given. He said that PSTCL has already started development works at the site.
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