Nitin Gadkari: Vehicle scrap policy to see another round of consultations

The proposal aims to pave the way for mandatory scrapping of such vehicles from April 1, 2020

The proposed policy for scrapping 20-year old commercial vehicles will go for another round of consultations with stakeholders as per the PMO directions, Union Minister Nitin Gadkari said today.

The proposal aims to pave the way for mandatory scrapping of such vehicles from April 1, 2020. "PMO has asked us for another round of consultation with stakeholders. Accordingly, we will be doing consultations with stakeholders, industry and consumers," Road Transport Minister Gadkari told PTI on the sidelines of an event today.

He said that after "taking everyone's views" it will be sent back to the PMO for approval, he said. Once the policy is approved, he said, India could emerge as a hub for automobile manufacturing as key raw material available from scrapping like steel, aluminium and plastic are bound to be recycled, bringing down automobile prices by "20 to 30 per cent." India is already a leading place for automobile industry with a turnover of Rs 4.5 lakh crore, he said.

"I think there is a huge potential." In May 2016, the government had floated a draft Voluntary Vehicle Fleet Modernisation Programme (V-VMP) that proposed to take 28 million decade-old vehicles off the road. A committee of secretaries (Cos) recommended to the ministry redesigning of the scheme for greater participation of states with partial support from the Centre.

The CoS suggested that the "scheme may dovetail a calibrated and phased regulatory approach for capping the life of vehicles together with stricter implementation of emission norms and accordingly a revised consultation paper got in principle nod at PMO."

Also Read: Rahul Gandhi Slams Union Minister Nitin Gadkari, Asks 'Where Are The Jobs'

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!