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Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI
The government has issued quality control norms for bicycles retro reflective devices with a view to contain imports of sub-standard products and promote domestic manufacturing in the country. The Bicycles-Retro Reflective Devices (Quality Control) Order, 2023 will come into force from July 1 this year, according to an order of the department for promotion of industry and internal trade (DPIIT). The notified items cannot be produced, sold/traded, imported and stocked unless they bear BIS (Bureau of Indian Standards) mark. This order, however, would not apply to goods or articles meant for exports. "Any person who contravenes the provisions of this order shall be punishable under the provisions of the Bureau of Indian Standards Act, 2016," it added. The department is also working on bringing quality control orders (QCOs) for a number of other products such as aluminium alloy items; bolts, nuts and fasteners; ceiling fan regulator; conduits and fittings for electrical installations;
The United Nations General Assembly in 2018 had declared June 3 as the World Bicycle Day to promote this simple and healthy mode of transport, which is also considered environment-friendly
The Indian cycle industry (including e-cycles) is estimated to be 22 million units pa with revenues of $1.3 billion.
Looks to partner with state govts in its endeavour to transform into a Mobility as a Service (MaaS) platform
Sales have surged, orders are pouring in, and stores are already feeling a shortage
Counted as one of independent India's first successful businesses, the bicycle brand hits a trough, can it get its wheels out of the mud?
Almost a century ago, a few Parsis pedalled to far-off continents. Their voyages will feature in a photo exhibition
With new launches and heightened focus on rider experience Hero Cycles, TI Cycles, Trek Bicycles hope to cash in on growing demand for premium cycles
Industry questions DIPP order on use of compulsory use of an accessory sold by a monopoly in China