Vehicle scrap policy to see another round of consultations with stakeholders: Gadkari
The proposal aims to pave the way for the 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 the key raw material available from scrapping like steel, aluminum and plastic are bound to be recycled, bringing down automobile prices by "20 to 30 percent."
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."
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 the stricter implementation of emission norms and accordingly a revised consultation paper got in principle nod at PMO."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)