Punjab is the largest manufacturing of Bicycle and Bicycle Parts in India. Punjab’s share on manufacturing bicycle and bicycle parts are 92% and 75% respectively in India. Ludhiana “Bicycle Capital of India”, is the hub for bicycle manufacturing in India. State is planning to set up for the modernisation and upgradation of bicycle parts industry by developing new Hi Tech Cycle Valley in Ludhiana. Punjab Government is equally considering Technology Centre for Bicycle and Bicycle parts in collaboration with National level organisation and International experts.