English News

  • youtube
  • facebook
  • twitter

Automobile scrappage policy in final stages, says Gadkari

<p class="p1">Minister for Road Transport &amp; Highways, Minister of Shipping and the Minister of Micro, Small and Medium Enterprises Nitin Gadkari today said the Centre is close to finalise the ambitious automobile scrappage policy.</p>
<p class="p1">Gadkari spoke at the 60th ACMA Annual Session which was held virtually.</p>
<p class="p1">In connection with the scrappage policy, he informed the session that the scheme is expected to receive Centre's approval in a month's time or even earlier.</p>
<p class="p1">The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles.</p>
<p class="p1">Significantly, the move is considered to be the most vital element of any further package to prop-up the sector's growth.</p>
<p class="p1">Besides, he urged the auto component sector to increase exports and strive for quality manufacturing.</p>
<p class="p1">He said that government is now of a mindset to increase the country' s exports and limit imports by imposing duty.</p>
<p class="p1">On the infra push, he said that Centre will build 22 'Green Expressway Projects' and work on some have already started.</p>
<p class="p1">In addition, he called upon the industry to set up clusters for automobile manufacturing next to the upcoming expressways.</p>.