Assam Chief Minister Himanta Biswa Sarma formally launches bicycles made of bamboo
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Assam Chief Minister Himanta Biswa Sarma launched bamboo bicycles on Friday at Sati Radhika Shanti Udyan.
- ✓Bamboo India Private Limited invested Rs.
- ✓15 crores in this project at Chaygaon.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Assam Chief Minister Himanta Biswa Sarma on Friday launched bicycles made from bamboo. Bamboo India Private Limited has invested approximately Rs. 15 crores in Assam. The company plans to manufacture such bicycles at the Bamboo Park in Chaygaon. The company also aims to manufacture approximately 1,000 bicycles every month. The state government would extend its supports if the public response is positive.
Guwahati: Scripting a new chapter in sustainable transportation in the State, Chief Minister Himanta Biswa Sarma formally launched bicycles made from bamboo at a programme held at Sati Radhika Shanti Udyan in Uzanbazar here today.
It may be noted that Pune-based Bamboo India Private Limited has undertaken this innovative initiative to manufacture bicycles from bamboo. With the objective of developing Assam as an important hub in the country for bamboo bicycle manufacturing and sustainable transportation, the project entails an investment of approximately Rs. 15 crores. The project is expected to generate 50 to 100 direct employment opportunities in its first year. In the initial phase, the company has planned to manufacture approximately 1,000 bicycles every month.
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