PM Modi launches vehicle scrappage policy, urges youth, startups to join

Prime Minister Narendra Modi on Friday launched the vehicle scrappage policy and said that the procedure is a significant milestone in India's development journey. Taking to Twitter, PM Modi informed about the launch and urged youth and start-ups to join this programme.

"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. He requested the country’s youth and start-ups to join this programme. He further stated that the vehicle scrapping would help phase out unfit and polluting vehicles in an environment-friendly manner. Vehicle scrapping will help phase out unfit and polluting vehicles in an environment-friendly way. He further added that the aim is to create a viable circulareconomy and bring value for all stakeholders while being environmentally responsible.

Union Minister Nitin Gadkari stated that PM Modi would launch National Automobile Scrappage Policy during the 'Investors Summit for setting up Vehicle Scrapping Infrastructure' in Gandhinagar, Gujarat. The Vehicle Scrapping Policy aims to create an eco-system for phasing out unfit and polluting vehicles in an environmentally friendly and safe manner. The policy intends to make scrapping infrastructure in Automated Testing Stations and Registered Vehicle Scrapping Facilities across the country.

The Investors Summit is being organized to invite investment to set up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, said Prime Minister's Office (PMO). The Summit is being organized by the Ministry of Road Transport and Highways and the government of Gujarat.