Prime Minister Narendra Modi will address the Investor Summit in Gujarat on the 13th of August, Friday via video conference, his office said.
The main focus of the Investors Summit is to invite investment for setting up of the vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, the Prime Minister’s Office (PMO) informed on Wednesday.
In addition, the summit will also draw focus on the synergies presented by the ship-breaking industry at Alang, for the development of an integrated scrapping hub, it said.
Being organized by the Ministry of Road Transport and Highways and the Gujarat government, the summit will be held in Gandhinagar, Gujarat, and will see participation from potential investors, industry experts, and central and state governments concerned.
The Union Minister for Road Transport and Highways and Chief Minister of Gujarat will also be present on the occasion, the statement said.
The Vehicle Scrapping Policy is aimed at creating an eco-system for phasing out unfit and polluting vehicles in an environmentally friendly and safe manner, it said.
Announced in March this year by the Union Minister for Road Transport and Highways Nitin Gadkari, the policy intends to create scrapping infrastructure in the form of automated testing stations and registered vehicle scrapping facilities across the country.