Haryana CM Nayab Singh Saini reviews the Vehicle Scrapping and Recycling Incentive Policy–2024 to promote eco-friendly vehicle recycling, attract investment, and generate employment opportunities in the state.
Haryana Chief Minister Nayab Singh Saini recently reviewed various incentive schemes under the Haryana Registered Vehicle Scrapping and Recycling Facility Incentive Policy–2024. The policy aims to promote the scrapping and recycling of old vehicles across the state while attracting investment and generating new employment opportunities.
During the meeting, Chief Minister Saini emphasized the importance of advancing scientific and environmentally friendly methods for vehicle scrapping and recycling. “This policy will not only support eco-conscious practices but also create avenues for investors and job seekers alike,” he stated.
The Haryana Vehicle Scrapping and Recycling Policy 2024 provides several incentives for private players to set up scrapping and recycling facilities. These include financial benefits, land allotment support, and tax reliefs, all designed to make investments in the sector more appealing. The initiative is part of Haryana’s broader vision to develop sustainable industries while reducing environmental pollution caused by obsolete vehicles.
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State officials highlighted that promoting vehicle scrapping will help reduce the number of unfit vehicles on roads, improve air quality, and support the circular economy by turning old vehicles into reusable materials.
Experts in the industry believe the policy could position Haryana as a leading hub for vehicle recycling in India, with significant potential to boost employment, enhance eco-friendly industrial practices, and attract private investment.
With growing awareness of environmental sustainability, the Haryana vehicle scrapping and recycling policy is expected to encourage more stakeholders to participate actively in the initiative, leading to a cleaner and greener state.
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