Union minister Nitin Gadkari said on Saturday that his goal is to develop at least one car wrecking company within 150 kilometers of any city center, while claiming the country has the potential to become a car wrecking center of the entire South Asian region. .
Speaking at an event here, Mr Gadkari said the National Vehicle Scrappage Policy is an important initiative in the Indian transport and sustainability sector, and this will enable the disposal of older and unsuitable vehicles and the introduction of new, less polluting vehicles in a phased manner. to make.
“My aim is to develop a vehicle demolition center within 150 km of all city centers,” said the Minister of Road Transport and Roads.
Mr Gadkari noted that the Ministry of Road Transport and Highways has designed the vehicle scrapping policy in such a way that investors of all sizes can come and set up wrecking centers.
“Developing a large number of scrap yard centers also allows us to develop multiple authorized scrap yard collection centers in one city, which have the authority to deregister a vehicle and issue deposit certificates,” he said.
Prime Minister Narendra Modi launched the National Vehicle Scrappage Policy in August last year and said it will help phase out unsuitable and polluting vehicles and also promote a circular economy.
He had also said that the material recycling sector provides direct and indirect employment to 4 crore people and that this number is expected to rise to 5 crore by 2025.
Speaking at Friday’s event, Mr Gadkari said: “India has the potential to become a car scrap center of the entire South Asian region. We can import a large number of old vehicles from Bangladesh, Bhutan, Myanmar, the Maldives, Nepal and Sri Lanka for demolition in our country.” The minister also noted that it is a challenge to create a circular economy in order to extract maximum value from scrap or end-of-life vehicles.
“The technology used for the demolition will be decisive in determining the economics of demolition and recycling,” he said, adding that the equipment can be installed at the demolition unit to facilitate the extraction of raw materials or the decommissioning of materials. equipment to maximize.
Under the new policy, effective April 1, 2022, the Center has said states and Union territories will offer up to 25 percent road tax relief for vehicles purchased after scrapping old vehicles.