Shri Nitin Gadkarisays National automobile Scrappage policy is a win-win policy for all the stakeholders.
Union Minister for Road Transport and Highways Shri Nitin Gadkari has said that the National automobile Scrappage policy is a mutual win-win policy for all the stakeholders. Inaugurating the Vehicle Scrapping and Recycling Facility set up by Maruti Suzuki Toyotsu India Private Limited (MSTI)at Noida today he said the policy aims at creating an ecosystem for phasing out unfit and polluting vehicles from the Indian roads and to meet this objective state-of-the-art scrapping and recycling units are needed.
The Minister said the policy will help in increasing Automobile sales,provide employment,reduce import cost,generate incremental GST revenue and help to solve the global shortage of semi conductor chip. Shri Gadkari said policy provides an important link in creating circular economy (waste to wealth) for the country.He said three to four scrapping centres should be set up in every district.
The Ministry of Road Transport and Highways has recently launched thevisionary Voluntary Vehicle-Fleet ModernisationProgram (Vehicle Scrapping Policy). This Policy is aimed at creating an ecosystem for phasing out old unsafe, polluting vehicles and replacing them with newer safe and fuel-efficient vehicles. The Ministry has also notified the Registered Vehicle Scrapping Facility (RVSF) Rules to enable setting up of modern vehicle scrapping facilities in India which can recycle the vehicles in an environment friendly manner.
