Saturday, April 27, 2024

News Destination For The Global Indian Community

News Destination For The Global Indian Community

TRADE & COMMERCE
LifeMag
India needs several vehicle scrapping centres, fitness test points: Gadkari

India needs several vehicle scrapping centres, fitness test points: Gadkari

India needs 1,000 vehicle scrapping centers and 400 automated fitness test centers, according to Union Road Transport and Highways Minister Nitin Gadkari. During the launch of 'DigiELV,' a platform for trading End of Life Vehicle Certificate of Deposit, Gadkari announced the approval of 85 vehicle scrapping facilities across the country. Emphasizing the significance of the National Vehicle Scrappage Policy, Gadkari stated that it is a mutually beneficial initiative for all stakeholders, positioning India as a scrapping hub in South Asia.

The minister highlighted the policy's role in phasing out unfit and polluting vehicles, promoting a circular economy, and generating employment opportunities. Prime Minister Narendra Modi had inaugurated the National Vehicle Scrappage Policy in August 2021, with the aim of encouraging the responsible disposal of old vehicles.

Under the policy, states and Union Territories offer up to a 25% tax rebate on road tax for newly purchased vehicles after scrapping old ones. Effective from April 1, 2022, the policy mandates fitness tests for personal vehicles after 20 years and for commercial vehicles after 15 years. Gadkari emphasized the importance of embracing a circular economy and reiterated that the scrappage policy aligns with environmental sustainability and economic growth goals.

<button class="flex items-center gap-1.5 rounded-md p-1 pl-0 text-xs hover:text-gray-950 dark:text-gray-400 dark:hover:text-gray-200 disabled:dark:hover:text-gray-400 md:invisible md:group-hover:visible md:group-[.final-completion]:visible"></button>
 
 
<form class="stretch mx-2 flex flex-row gap-3 last:mb-2 md:mx-4 md:last:mb-6 lg:mx-auto lg:max-w-2xl xl:max-w-3xl">
 
</form>

India needs several vehicle scrapping centres, fitness test points: Gadkari

India needs several vehicle scrapping centres, fitness test points: Gadkari

India needs 1,000 vehicle scrapping centers and 400 automated fitness test centers, according to Union Road Transport and Highways Minister Nitin Gadkari. During the launch of 'DigiELV,' a platform for trading End of Life Vehicle Certificate of Deposit, Gadkari announced the approval of 85 vehicle scrapping facilities across the country. Emphasizing the significance of the National Vehicle Scrappage Policy, Gadkari stated that it is a mutually beneficial initiative for all stakeholders, positioning India as a scrapping hub in South Asia.

The minister highlighted the policy's role in phasing out unfit and polluting vehicles, promoting a circular economy, and generating employment opportunities. Prime Minister Narendra Modi had inaugurated the National Vehicle Scrappage Policy in August 2021, with the aim of encouraging the responsible disposal of old vehicles.

Under the policy, states and Union Territories offer up to a 25% tax rebate on road tax for newly purchased vehicles after scrapping old ones. Effective from April 1, 2022, the policy mandates fitness tests for personal vehicles after 20 years and for commercial vehicles after 15 years. Gadkari emphasized the importance of embracing a circular economy and reiterated that the scrappage policy aligns with environmental sustainability and economic growth goals.

 
 
 

Leave a comment

Comments (0)

Related Articles

Opinion Express TV

Shapoorji Pallonji

SUNGROW

GOVNEXT INDIA FOUNDATION

CAMBIUM NETWORKS TECHNOLOGY

Opinion Express Magazine