(FM) -Prime Minister Narendra Modi addressed the Investor Summit in Gujarat via video conference. The Summit is being organized to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy. It will also draw focus on the synergies presented by the ship breaking industry at Alang, for development of an integrated scrapping hub. Union Minister for Road Transport & Highways and Chief Minister of Gujarat were also present on the occasion.
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. Vehicle scrapping will help phase out unfit and polluting vehicles in an environment friendly manner. “Our aim is to create a viable circular economy and bring value for all stakeholders while being environmentally responsible, '' said the Prime Minister in a series of tweets before the event.
While launching the National Automobile Scrappage Policy, the Prime Minister said that this policy is going to give a new identity to the auto sector and to the mobility of New India. This policy will play a big role in the modernization of the vehicular population in the country, removing unfit vehicles from the roads in a scientific manner. He said that modernity in mobility, not only reduces the burden of travel and transportation, but also proves to be helpful for economic development. The goal for 21st century India to be Clean, Congestion Free & Convenient Mobility, is the need of the hour.
The Prime Minister said the new scrapping policy is an important link in the circular economy and in the waste to wealth campaign. This policy also reflects our commitment to reduce pollution from the cities of the country and protect the environment and fast development. This policy by following the principle Reuse, Recycle and Recovery will also promote the country's self-reliance in the auto sector and in the metal sector. The Policy will bring in a fresh investment of more than Rs 10 thousand crores and will create thousands of jobs.
The Prime Minister stressed that as India is about to enter the 75th year of Independence the next 25 years is very important. He said there would be many changes in the way of working the business and in everyday life in the next 25 years. He said in the midst of this change, it is equally important to protect our environment, our land, our resources and our Raw Material. He said we can work on Innovation and Technology in the future, but the wealth we get from Mother Earth is not in our hands.