New Delhi: Prime Minister of India, Narendra Modi will address the Investor Summit in Gujarat on August 13, 2021, at 11 am. The summit is aimed at gathering funds to build a vehicle scrapping infrastructure, which according to the press release is essential for a cleaner future.
The Vehicle Scrapping Policy is to create an eco-system for phasing out unfit and polluting vehicles in an environmentally friendly and safe manner.
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The Summit which will be held in Gandhinagar is also to draw attention to investment opportunities presented by the ship-breaking industry at Alang, for the development of an integrated scrapping hub. It is organized by the Ministry of Road Transport and Highways and by the Gujarat Government.
The purpose of this policy is to install scraping infrastructure in the form of automated test stations and registered vehicle scrapping facilities across the country.
At the Summit, the Central Road Transport and Highway Minister, Nitin Gadkari, and Chief Minister of Gujarat Vijay Rupani will also be present. The Summit will also include, potential investors, industry experts and concerned ministries of the State Government.
The purpose of the vehicle scrapping policy is to prepare an environment to remove unsuitable and polluting vehicles in a phased manner in an environment-friendly and safe way.
Earlier this year, Nitin Gadkari had addressed the Lok Sabha and said that older vehicles pollute 10-12 times more than fit vehicles and hence, pose a risk to road safety. He continued to introduce the Voluntary Vehicle-Fleet Modernization Program (VVMP) or “Vehicle Scrapping Policy" which is aimed at creating an Eco-System for phasing out of Unfit and Polluting Vehicles.