Vehicle Scrappage Policy will Promote Circular Economy,Prime Minister

Bureau,Odishabarta

Gandhinagar: Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, saying it will help phase out unfit and polluting vehicles and also promote a circular economy. 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 Modernisation Programme.
“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 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 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 and start-ups to join this programme,” Modi stated.

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