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PM Modi launches National automobile scrappage policy at Investor Summit


New Delhi: Prime Minister Narendra Modi launched the national automobile scrappage policy at the Investor Summit in Gujarat on Friday. The launch was done via video conferencing.

PM Modi called it a significant milestone in the journey of India’s development. The policy aims at making the nation clean, congestion-free and induce convenient mobility, he said.

The policy will bring RS 10,000 crore investment in the country, he added.

The PM said that the government was trying to ensure that growth was sustainable and environment-friendly. “India is exploring new possibilities through Deep Ocean Mission. It is also encouraging a circular economy. The effort is to make development sustainable and environment friendly,” he said.

Modi also urged the youth and start-ups to join the programme.

“The launch of Vehicle Scrappage Policy today is a significant milestone in India’s development journey. The Investor Summit in Gujarat for setting up vehicle scrapping infrastructure opens a new range of possibilities. I would request our youth and start-ups to join this programme,” Modi tweeted.

While speaking at the launch of the scrappage policy, PM Modi said, “A certificate will be given on scrapping the old vehicle. The person with this certificate will not have to pay any money for registration on the purchase of a new vehicle.”




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