PM Modi launches Vehicle Scrappage Policy, calls it significant milestone

New Delhi: Prime Minister Narendra Modi on Friday (August 13) addressed the Investor Summit in Gujarat via video conference. The Summit is being organised to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernisation Programme or the Vehicle Scrapping Policy.

It will also draw focus on the synergies presented by the ship breaking industry at Alang, for development of an integrated scrapping hub. Union Minister for Road Transport & Highways Nitin Gadkari and Chief Minister of Gujarat Vijay Rupani were also present on the occasion.

The launch of Vehicle Scrappage Policy is a significant milestone in India’s development journey. The Investor Summit in Gujarat for setting up vehicle scrapping infrastructure opens a new range of possibilities. Vehicle scrapping will help phase out unfit and polluting vehicles in an environment friendly manner.

“Our aim is to create a viable circular economy and bring value for all stakeholders while being environmentally responsible, '' said the Prime Minister in a series of tweets before the event.

“The launch of Vehicle Scrappage Policy today is a significant milestone in India’s development journey. The Investor Summit in Gujarat for setting up vehicle scrapping infrastructure opens a new range of possibilities. I would request our youth & start-ups to join this programme,” Modi said on Twitter.

He added, “Vehicle scrapping will help phase out unfit & polluting vehicles in an environment friendly manner. Our aim is to create a viable #circulareconomy & bring value for all stakeholders while being environmentally responsible.”

Vehicle scrapping will help phase out unfit & polluting vehicles in an environment friendly manner. Our aim is to create a viable #circulareconomy & bring value for all stakeholders while being environmentally responsible.

— Narendra Modi (@narendramodi) August 13, 2021

While launching the National Automobile Scrappage Policy, the Prime Minister said that this policy is going to give a new identity to the auto sector and to the mobility of New India. This policy will play a big role in the modernization of the vehicular population in the country, removing unfit vehicles from the roads in a scientific manner. He said that modernity in mobility, not only reduces the burden of travel and transportation, but also proves to be helpful for economic development. The goal for 21st century India to be Clean, Congestion Free & Convenient Mobility, is the need of the hour.

The Prime Minister said the new scrapping policy is an important link in the circular economy and in the waste to wealth campaign. This policy also reflects our commitment to reduce pollution from the cities of the country and protect the environment and fast development. This policy by following the principle Reuse, Recycle and Recovery will also promote the country's self-reliance in the auto sector and in the metal sector. The Policy will bring in a fresh investment of more than Rs 10 thousand crores and will create thousands of jobs.