Gandhinagar: Prime Minister Narendra Modi on Friday launched the National Vehicle Scrappage Policy, saying it will help phase out unfit and polluting vehicles and promote a circular economy as well. The policy will give a new identity to India’s mobility and auto sector, Modi said in a video address to the Investor Summit held to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Programme. The policy aims at creating an eco-system for phasing out unfit and polluting vehicles in an environmentally friendly and safe manner and create scrapping infrastructure in the form of Automated Testing Stations and Registered Vehicle Scrapping Facilities across the country.
“We are promoting a circular economy. The aim is to develop a sustainable and environment-friendly economy, he said. A circular economy is one where products are designed for durability, reuse and recyclability.
The policy will give a new identity to India in the mobility and auto sector, Modi said. “This policy will play a major role in removing unfit vehicles from our roads in a scientific manner. It will modernise the vehicular population on our city roads, he said.
The prime minister said that India should work for clean, congestion-free and convenient mobility in the 21st century. The policy will play a key role in ‘Waste to Wealth’ programme, Modi said, adding it will also help in reducing pollution in our cities.
“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 tweeted before the event.
Launching National Automobile Scrappage Policy #CircularEconomy https://t.co/JL7EAZ5BNL
— Narendra Modi (@narendramodi) August 13, 2021
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. — Narendra Modi (@narendramodi) August 13, 2021
(With inputs from PTI)