"Vehicle Scrappage Policy" to set significant milestone as PM Modi launches it during Investors Summit

Launching the "Vehicle Scrappage Policy" on Friday, Prime Minister Narendra Modi said that the policy 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.

Vehicle scrapping will help phase out unfit & polluting vehicles in an environment friendly manner. Our aim is to create a viable #circulareconomy & bring value for all stakeholders while being environmentally responsible.

— Narendra Modi (@narendramodi) August 13, 2021

Earlier on Thursday, Union Minister Nitin Gadkari said that PM Modi will launch National Automobile Scrappage Policy during the 'Investors Summit for setting up Vehicle Scrapping Infrastructure' in Gandhinagar, Gujarat.

• The Vehicle Scrapping Policy intends to create scrapping infrastructure in the form of Automated Testing Stations and Registered Vehicle Scrapping Facilities across the country.

The Investors Summit has been organized to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, said Prime Minister's Office (PMO) in a statement.

The Summit is being organized by the Ministry of Road Transport and Highways and the government of Gujarat.