Scrappage policy will help remove unfit vehicles: Modi

New Delhi

Vehicle scrappage policy will play a big role in the modernisation of the vehicular population in the country, removing unfit vehicles from the roads in a scientific manner, said Prime Minister Narendra Modi on Friday.

Addressing the Investor Summit in Gujarat via video conference, he said, "Vehicle Scrappage 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."

The Summit was organised to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy.

Union Minister for Road Transport and Highways Nitin Gadkari and Gujarat Chief Minister Vijay Rupani were also present on the occasion.

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.

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 and Convenient Mobility, is the need of the hour, he said.

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," he added.

PM Modi said stressed that as India is about to enter the 75th year of Independence the next 25 years is very important. He said there would be many changes in the way of working the business and in everyday life in the next 25 years. He said in the midst of this change, it is equally important to protect our environment, our land, our resources and our raw material.