Can the Alang shipyard
model of dismantling ships from around the world, and becoming a global centre
for ship-breaking and ship-recycling, be replicated for recycling automobiles.
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A vehicle-scrapping plan is being proposed by the government for
15-year-old heavy and medium commercial vehicles, as it would not only boost
growth of the Indian automotive industry with renewed demand, but would also
help the generation of raw materials for the industry, Gadkari said. (PTI)
|
A vehicle-scrapping plan is being proposed by the
government for 15-year-old heavy and medium commercial vehicles, as it would
not only boost growth of the Indian automotive industry with renewed demand,
but would also help the generation of raw materials for the industry, Gadkari
said. Recycling of aluminium, copper, steel and plastic will enable automotive
companies to get raw materials at a cheaper price and improve their
competitiveness in the market, he said. Industry is currently importing these
raw materials at a higher price. These imports could be reduced and foreign
exchange conserved, he pointed out. The minister was speaking at the AGM of the
Mahratta Chamber of Commerce, Industries & Agriculture in Pune on Friday.
Gadkari said those scrapping old vehicles will get
tax exemption from both the central and the state governments.
Source: financial express.
24 September 2016
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