By Tricitynews Reporter
Chandigarh 08th December:- Yoga and bicycling can be a panacea to all lifestyle ills that we
are facing today,said V P Singh Badnore,
Governor, Punjab & Administrator, UT Chandigarh, said while addressing
global bicycle industry leaders at the inaugural session of ‘The Bicycle ExCon 2016’, organised by Confederation of Indian
Industry (CII), in
collaboration with the All India Cycle Manufacturers Association (AICMA), the
Government of Punjab and the Chandigarh Administration at CII Northern Region
headquarters, here today.
Governor V P Singh Badnore
said that punjab has been ranked top in India in terms of infrastructure
facilities. The State offers the best-in-class connectivity with a
well-connected road network, international airbase, abundant water supply and
power. Availability of technocrats and skilled labour make Punjab a fertile
market for the bicycle industry to flourish and reach its zenith.
He further added that the newly-inaugurated ‘Heritage Walk’ in Amritsar with no-vehicle
zone is an exemplary and a welcome step in making the Holy city an Eco-friendly
city. Government of Punjab’s ambitious project to set up a state-of-the-art ‘Hi
Tech Cycle Valley’ at Ludhiana will provide a complete ecosystem to
manufacturing Hi Tech Bicycle and e-cycles.
Madan Mohan Mittal, Hon’ble Industries &
Commerce Minister, Government of Punjab, said that the Cycle Valley in Ludhiana will act as an area of
technology & knowledge exchange and collaboration for Bicycle and e-cycle
manufacturers of Punjab. One of the strengths of Punjab is its thriving
eco-system of well-established Micro, Small and Medium enterprises. A strong
base of close to 160 thousand MSMEs truly reflects the enterprising spirit of
the people of State as 90% of the bicycle component manufacturing industry
comprises the Small Scale industries.
Pankaj Munjal, Chairman, The
Bicycle ExCon and Chairman and Managing Director Hero Cycles Ltd, said said that to boost the bicycle
industry in India, the Government should waive taxes on cycles costing less
than Rs 5,000, as these are purchased by people belonging to the low-income
group. It is strongly recommended that the Ministry of Urban Development
ensures the provision of cycling infrastructure in cities by making the
provision of NMT (Non-motorised Transport) infrastructure mandatory. He further said that the Government should
also provide incentives up to 30% for people buying e-bicycles in accordance
with the FAME Scheme (Faster Adoption and Manufacturing of Hybrid and Electric
vehicles). By 2030, car engines with combustion technology will turn obsolete
and the only alternative left is to take the bicycling culture forward.
Dr Dinesh Dua, Chairman, CII Chandigarh Council, and CEO and
Whole-time Director, Nectar Lifesciences Ltd, said that the bicycle
market, which is currently valued at USD 50 Billion, will grow to USD 65
Billion by 2019 at a CAGR of 3% and the Asia Pacific region will emerge as the
biggest market for bicycle consumption.
Ma Zhongchao, Chairman, China Bicycle Association (CBA), said that based on statistics, the
annual carbon emissions reduction from riding an e-bike is equivalent to
growing 22 trees, and as there are 143 million e-bikes in China, the overall
carbon reduction effect is comparable to growing 160,000 hectares of area
covered in trees. “At present, nearly 100 cities in China are implementing
public bicycle rentals, and about 30 cities possess dedicated green bike paths.
A display of bicycle products and business meetings were added
attraction of the event.
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