Opening of B S H Ventures (Private) Limited Bicycle manufacturing plant

The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal on 21st January 2011 declared open a new bicycle manufacturing plant owned by B S H Ventures (Private) Limited, a joint venture between Bangladesh, Holland and Sri Lanka at the Biyagama Export Processing Zone.

The company, which has invested US $4 million in the venture, is set to produce branded bicycles to cater to the European market in its factory.

The factory complex offers a sizeable 65,000 square feet of purpose-built, state-of-the-art facilities.