Scrappage policy to help in removing unfit vehicles from roads: PM Modi

The move, however, doesn't bring an immediate cheer to the pandemic-bruised auto industry

Prime Minister Narendra Modi on Friday formally launched the National Automobile Scrappage Policy, which he said would attract investments of about Rs 10,000 crore. The policy would also help in getting rid of unfit and polluting vehicles in a scientific manner, he said.

“The policy is an important link to achieve the circular economy of waste to wealth. It will also energise India’s auto sector and metal sector under the principles of reuse, recycle, and recover,” Modi said at a virtual investors’ summit held in Gandhinagar.

The policy is an important step forward for the environment because it would not only help