The road and transport system in India is at major transformation phase, Union Minister Nitin Gadkari said the Cabinet will soon decide on the proposed vehicle scrapping policy.
The Road Transport and Highways Minister stated that he has cleared a cabinet note on the proposed policy and the finance ministry has also approved the same.
I have signed the file for the cabinet note on the policy for the scrapping of old vehicles. Finance Ministry has approved the note on it, Gadkari said on the sidelines of an event here.
He said the note will now be circulated to ministries concerned and the Cabinet was likely to take a call on it soon.
He said the proposed policy once approved will be applicable on all vehicles including two and three-wheelers.
Earlier the policy had gone for a fresh round of consultation with the stakeholders on the direction of the PMO.