The minister added that the material recycled will be useful for the automobile industry as it will reduce cost of manufacturing cars, buses, and trucks, increasing India's competitiveness in international markets.
"Within five years, India will be the number one manufacturing
hub of all cars, buses and trucks, with all fuel, ethanol, methanol, bio-CNG, LNG, electric as well as hydrogen fuel cells," Gadkari said.
He was addressing a meeting via video conferencing with the representatives of MIT ADT University on future of higher education.
Experts said the draft guidelines for setting up authorised vehicle scrappage facilities that the Ministry of Road Transport and Highways (MoRTH) released in October 2019 was seen as a step in the right direction but a lot of work was yet to be done.
The guidelines detailed the infrastructure requirement and the procedure for setting up vehicle scrappage facilities in the country, streamlining the process for entities interested in entering this business.