Union Minister Nitin Gadkari, speaking at the fifth Auto Retail Conclave, stressed the government’s commitment to advancing the circular economy. Gadkari urged auto dealers to take the initiative in establishing vehicle scrapping facilities to contribute to this sustainable economic model. Under this policy, dealers will receive the necessary permissions to launch scrapping facilities, enabling the recycling of old vehicles into usable products—a cornerstone of the circular economy, which promotes the re-use and regeneration of materials.
Nitin Gadkari’s Call to Action
Furthermore, in the Auto Retail Conclave, Gadkari shared insights into the government’s strategy regarding fuel. He highlighted the promotion of alternative fuels and biofuels as key components. Notably, the government aims to position India as the world’s largest producer of green hydrogen, derived from renewable energy sources through processes like electrolysis or biomass conversion.
Nitin Gadkari’s Emphasis on Alternative Fuels and Green Hydrogen
Gadkari also expressed his vision for India’s economic growth, asserting that the Indian economy is the fastest-growing globally. He underscored the vital role that auto dealers would play in achieving the goal of a 5 trillion dollar economy. India stands as the fourth-largest producer of passenger vehicles worldwide and the sixth-largest in commercial vehicles. Gadkari’s dream is to transform India into the world’s premier automobile hub, marking a significant milestone in the nation’s economic journey.
