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New Delhi: Nitin Gadkari,Cars may become cheaper in the coming times. This is not a surprise, rather Union Minister Nitin Gadkari has told the complete plan regarding this. Gadkari said that the cost of vehicle parts can come down by 30 percent due to increased re-use of metal. This will strengthen the export possibilities of the automobile industry. Gadkari addressed a program organized on metal recycling through video conference. During this, he said that the government has set a target of doubling the size of the automobile industry to Rs 15 lakh crore and creating five crore new jobs.
He also appealed to the automobile manufacturers to set up large scrapping units and offered them concessions at the forthcoming new dry ports in Wardha, Sangli and Kolhapur in Maharashtra.
Noting that the whole world is adopting a “waste to wealth” philosophy, he said the government will do everything to encourage more imports of scrap so the our shortage of key metals can be addressed.
By importing more waste tyres, waste plastics, auto parts, automobile units can make more value addition on one hand and on the other the cost of automobile components can come down by 30 per cent. To increase recycling, he said the government will set up scrapping unit in every district. The auto industry, which contributes heavily to GST and employs 4.5 crore people, is the largest sector in India.
