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Scrapping policy unveiled by PM, startup companies urged to take part

Prime Minister Narendra Modi on Friday released automobile scrappage policy and said that the policy is a sizable milestone in India's improvement adventure.


Taking to Twitter, PM Modi knowledgeable approximately the launch and entreated children and begin-united states of americato join this programme.



"The launch of Vehicle Scrappage Policy today is a enormous milestone in India's improvement journey. The Investor Summit in Gujarat for putting in place car scrapping infrastructure opens a new variety of possibilities. I could request our children and start-united statesto enroll in this programme," tweeted PM Modi.


He similarly said that the automobile scrapping will assist to segment out not worthy and polluting cars in an surroundings-pleasant way.


"Vehicle scrapping will assist section out not worthy and polluting cars in an environment friendly way. Our intention is to create a possible #circulareconomy and bring cost for all stakeholders whilst being environmentally responsible," he added.


Earlier on Thursday, Union Minister Nitin Gadkari said that PM Modi will release National Automobile Scrappage Policy all through the 'Investors Summit for putting in place Vehicle Scrapping Infrastructure' in Gandhinagar, Gujarat.


The Vehicle Scrapping Policy is aimed at creating an eco-machine for phasing out unfit and polluting automobiles in an environmentally friendly and secure manner. The coverage intends to create scrapping infrastructure inside the form of Automated Testing Stations and Registered Vehicle Scrapping Facilities across the u . S . A ..


The Investors Summit is being organized to invite funding for setting up automobile scrapping infrastructure below the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, said Prime Minister's Office (PMO) in a assertion.


The Summit is being organized via the Ministry of Road Transport and Highways and the government of Gujarat.

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