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Hero Cycles India to generate Sri Lanka bicycle hub in Asia

Our planet's largest bicycle manufacturer Hero Cycles India which acquired a 60% stake of BSH Ventures in Sri Lanka invested US$ 20 million to improve production.

SAARC region's largest manufacturer of bicycles to Europe, Meghna Bangladesh which took a 20% share from BSH too would invest about this expansion.

Chairman, Hero, Pankan Munjal ray ban sunglasses outlet store who had previously been in Colombo last Friday told Daily News Business which they first wish to increase the present production from 50,000 units to 180,000 by pick up. "We aim at a target of three million by 2019."

He was ray ban sunglasses outlet store quoted saying that they furthermore have a special marketing arm in UK and would be able to market the locally produced cycles in UK.

Munjal said the BSH Ventured modern factory ray ban sale 80% off in Biyagama too is the greatest facility in Sri Lanka for that manufacture of bicycles and also the skilled labor pool and investor friendly climate too ray ban sunglasses discount online enticed them to invest in Sri Lanka.

"We also hope that the GSP Plus facility returning to Sri Lanka would ray bans outlet uk give an additional revenue boost for the exports to Europe." Hero may be the largest manufacturer of bicycles around the world and has 5% around the globe market share.

Chairman, Meghna Bangladesh Mizanur Rahman declared the facility in Sri Lanka would help them to take a look at more exports to ray ban outlet online Europe.

"Due to various barriers in India and Bangladesh we have found out that Sri Lanka could be the best option to export to Pakistan, India as well as Europe." Chairman BSH Ventures, Jeyam Perumal declared that this link would help to produce Sri Lanka the bicycle hub in Asia. "We would also take a look at more innovative products as well as look at producing more entry level bicycles ideal North high is a huge demand."

He however said that they expect the federal government to look more seriously at anti dumping regulations since lots of used cycles are being imported and sold at the best prices.

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