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Automobile scrappage policy a win-win for all: Minister


Union Minister for Road Transport and Highways, Mr Nitin Gadkari, has said that the National Automobile Scrappage Policy is a mutual win-win for all stakeholders. Inaugurating the Vehicle Scrapping and Recycling Facility set up by Maruti Suzuki Toyotsu India at Noida this week, he said the policy aims at creating an ecosystem for phasing out unfit and polluting vehicles from Indian roads. To meet this objective, state-of-the-art scrapping and recycling units are needed, he stressed, as per a release.


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 chips. He added that the policy provides an important link in creating a 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 recently launched the visionary Voluntary Vehicle-Fleet Modernisation Program (Vehicle Scrapping Policy), aimed at creating an ecosystem for phasing out old unsafe, polluting vehicles and replacing them with newer, safe and fuel-efficient ones. The Ministry has also notified the Registered Vehicle Scrapping Facility (RVSF) Rules to enable the setting up of modern vehicle scrapping facilities in India, which can recycle vehicles in an environment-friendly manner.


The RVSF inaugurated by the Minister has been set up in an area of 11,000 sq. m with capacity to handle 24,000 vehicles a year, the release added.

 

Source: Exim News Service: New Delhi, Nov. 24

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