COLOMBO, Sri Lanka - Sri Lankan bicycle manufacturer BSH Ventures Pvt Ltd reports that it is only partially operational due to the current market conditions. The export-oriented site which was set-up to cater for the high-end bike market of Europe is presently being forced to serve the domestic market in order to remain operational.
BRUSSELS, India - The EU and India are intensifying bilateral contacts again with a view to concluding negotiations on a free trade agreement (FTA). European Commission President Ursula von der Leyen announced during her speech in Davos that the first trip of the new Commission would be to India. "Together with Prime Minister Modi, we want to upgrade the strategic partnership with the largest country and democracy in the world," she said.
NEW DELHI, India - The Indian bicycle industry's quest for a global bicycle show may soon be realized as a new show has emerged on the horizon with all the signs of making it big in the future. The country's existing show, CFOSE which has been established over 14 editions appears to be making way for a new 'government-backed' event on India's bicycle event calendar.
GURUGRAM, India - E-bike and e-scooter manufacturer Hero Electric is entering a troubling phase as its dealers seek settlement of pending dues equivalent to around INR 5 billion (€270 million).
BRUSSELS, Belgium - Trade agreements with India and Indonesia would disrupt the bicycle industry supply chain for EU-based companies. Usually concluding such agreements is a long-term process but the EU attributes great importance to these types of agreements. Discussion between the EU and the countries continue.
DELHI, India - Salil Kapoor, a former president of Atlas Cycles, died allegedly by suicide at his Delhi home on Tuesday afternoon. He was 65. After he was found by family members he was taken to hospital, but Kapoor had already died. This is reported by several Indian media outlets.
