NEW DELHI: Nitin Union Minister Gadkari on Saturday he said the Center is close to finalizing the ambitious car scrapping policy.
Gadkari he spoke at the ACMA 60th Annual Session which was held virtually. Regarding the scrapping policy, he informed the session that the plan is expected to receive approval from the Center within a month or even earlier.
The policy is expected to encourage customers to make new purchases that will be supported by government incentives instead of their old vehicles.
Significantly, the measure is seen as the most vital element of any additional package to underpin the sector’s growth.
In addition, he urged the automotive components sector to increase exports and strive for quality manufacturing.
He said the government now has the mindset to increase the country’s exports and limit imports by imposing tariffs.
On the infrastructure boost, he said that the Center will build 22 ‘Green Highway Projects’ and work on some has already begun.
In addition, he called on the industry to establish clusters for the manufacture of automobiles next to the next highways.
Gadkari he spoke at the ACMA 60th Annual Session which was held virtually. Regarding the scrapping policy, he informed the session that the plan is expected to receive approval from the Center within a month or even earlier.
The policy is expected to encourage customers to make new purchases that will be supported by government incentives instead of their old vehicles.
Significantly, the measure is seen as the most vital element of any additional package to underpin the sector’s growth.
In addition, he urged the automotive components sector to increase exports and strive for quality manufacturing.
He said the government now has the mindset to increase the country’s exports and limit imports by imposing tariffs.
On the infrastructure boost, he said that the Center will build 22 ‘Green Highway Projects’ and work on some has already begun.
In addition, he called on the industry to establish clusters for the manufacture of automobiles next to the next highways.
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