The issue was discussed in a meeting of Road Transport, Highways and Shipping Minister Nitin Gadkari with his German counterpart and Infrastructure Minister Alexander Dobrindt and and the delegation accompanying him.
"Discussions were held on cooperation for developing vehicle scrapping capacity in India. It has invited Germany to share environment friendly technology for scrapping of old vehicles and also for processing of the waste thus generated," Road Transport and Highways Ministry said in a statement.
The statement said in what may be a major step towards reducing pollution, Gadkari informed the German minister that India has put in place all required regulations for the use of flex-fuel like ethanol mixed with petrol.
"He (Gadkari) said that German automobile manufacturers can be called upon to produce cars that can run on flex-fuel for India, like the ones being produced in Canada and USA," the statement said.
The minister also expressed confidence and hope that the cooperation between the two countries will grow even further in the times to come.
Earlier, Gadkari had said that the draft vehicle scrapping policy would offer a combined benefit of Rs 14,000 crore to the Centre and states and drive the auto industry growth by 22 per cent.
"The Central government will benefit by Rs 4,000 crore and state governments will benefit by Rs 10,000 crore, while your industry (automobile industry) will grow by 22 per cent," he had said.
The draft V-VMP policy had earlier proposed to bring vehicles bought on or before March 31, 2005, numbering about 28 million, under its purview.
According to the ministry, the proposed policy has the potential to reduce vehicular emission by 25-30 per cent and save oil consumption by 3.2 billion litres a year.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
