Modest Infrastructure Private Limited (MIPL) signed an MoU with the Government of Gujarat to set up a Registered Vehicle Scrapping Facility at Bhavnagar.
The Government of India, in August 2021, announced the much awaited Vehicle Scrapping Policy with an aim to phase out old unfit and polluting vehicles in a phased and environment friendly manner, by creating an infrastructure for automated testing of vehicles that have completed the registration period and recycling of unfit vehicles.
Recycling will boost manufacturing, create employment and increase savings. Cost of new vehicles will reduce as the scrap would provide copper, aluminium, steel, plastic and rubber to the industry.
Unfit vehicles will be scrapped scientifically which will ensure registered vehicle scrapping facilities (RVSF) to be set up all over the country that are technology driven and transparent.
Gujarat government signed six MoUs for vehicle scrapping units and MIPL is one among these. On the day the Centre rolled out the vehicle-scrapping policy and Voluntary Vehicle Fleet Modernization Programme (VVMP), the Gujarat government signed six MOUs with private companies to support their new vehicle-scrapping units. The state government also announced that it will set up two new scrap vehicle parks — one at Alang near Bhavnagar and another in Kutch.
The policy announcement as well as the MOU signing ceremony was done on 13 August 2021 at a function held at Gandhinagar presided over by PM Narendra Modi (Virtually) and in Person by Shri Nitin Gadkari, Shri. Vijaybhai Rupani and other dignitaries.
On behalf of MIPL, Mr Mehul Patel, Resident Director, signed the MoU.
