Nitin Gadkari said that his aim is to develop a scrapping facility within 150 km from each city center
New Delhi:
Union Minister Nitin Gadkari on Saturday said he aims to develop at least one automobile scrapping facility within 150 km from each city centre, while the country has the potential to become the vehicle scrapping hub of the entire South Asian region.
Addressing an event here, Shri Gadkari said that the National Vehicle Scrappage Policy is a significant initiative in the Indian Transport and Sustainability sector, and it will enable the removal of old and unsuitable vehicles and introduction of new low pollution vehicles in a phased manner. Will be
“My target is to develop a vehicle scrapping center within a reach of 150 km from all the centers of the city,” the Road Transport and Highways Minister said.
Shri Gadkari said that the Ministry of Road Transport and Highways has designed the vehicle scrapping policy in a manner that allows all types of investors to come and set up scrapping centres.
He said, “While developing a large number of vehicle scraping centres, we can also develop multiple authorized collection centers of vehicle scraping units in a city, which will have the authority to deregister the vehicle and issue certificates of deposit. “
Prime Minister Narendra Modi had launched the National Vehicle Scrappage Policy in August last year and said that it would help in phase-out of unsuitable and polluting vehicles and also promote a circular economy.
He had also said that the material recycling sector employs 4 crore people directly and indirectly and this number is expected to go up to 5 crore by 2025.
Speaking at Friday’s event, Mr. Gadkari said: “India has the potential to become a vehicle scrapping hub of the entire South Asian region. We import a large number of old vehicles from Bangladesh, Bhutan, Myanmar, Maldives, Nepal and Sri Lanka for scrapping. can. country.” The Minister also observed that it is a challenge to establish a circular economy to recover maximum value from scrap or end-of-life vehicles.
“The technology used for scrapping will be a game changer in deciding the economics of scrapping and recycling,” he said, adding that equipment can be installed in the scraping unit to remove raw materials or eliminate waste.
Under the new policy, which is effective from April 1, 2022, the Center has said that states and union territories will provide up to 25 per cent tax exemption on road tax for vehicles purchased after scrapping old vehicles.