
India transport ministry is close to finalizing the policy to scrap 15 plus-year old vehicles. The policy aimed to curb vehicular pollution in the country will make raw materials for vehicles like aluminium, copper, plastic, and rubber cheaper as secondary aluminium and other materials generated from the scrap will be used for auto parts manufacturing, Union Minister Nitin Gadkari said yesterday in New Delhi.

"We have almost finalised the scrapping policy for vehicles with NITI Aayog," the minister said.
The proposal once accepted will result in an INR 10,000 crore boost in tax revenues that will eventually benefit India’s automobile sector.
Mr. Gadkari said that India is on the verge of becoming the hub for automobile and ancillary industry in Asia, and a vehicular scrapping policy as this one would help make aluminium scrap and other scrap cheaper as that would be used for the making of various auto parts among other things.
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