Hero Takes Over Sri Lanka's BSH as Country Is about to Regain GSP+ Status
LUDHIANA, India - Hero Cycles Ltd has acquired a majority stake in Sri Lanka based bike exporter BSH Ventures Ltd. With this move India's biggest bike maker Hero wants to take advantage of the benefits associated with Sri Lanka regaining the GSP+ import duty free status. This allows for Sri Lankan made bikes to be imported duty free in the EU member states.
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