Odisha cabinet approves Registered Vehicle Scrap Facility Policy 2022 – न्यूज़लीड India

Odisha cabinet approves Registered Vehicle Scrap Facility Policy 2022

Odisha cabinet approves Registered Vehicle Scrap Facility Policy 2022


The Odisha cabinet has approved a new Registered Vehicle Scrapping Facility Policy-2022. This policy is expected to play a major role in reducing vehicular air pollution.

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oi-Foziya Khan

Published: Wednesday, November 30, 2022, 21:08 [IST]

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New Delhi, November 30: The Odisha cabinet has approved a new Registered Vehicle Scrapping Facility Policy-2022. This policy is expected to play a major role in reducing vehicular air pollution. The policy was approved in the 52nd meeting of the state cabinet chaired by Chief Minister Naveen Patnaik on Tuesday.

odisha

The cabinet approved a total of 17 major proposals of 12 departments in the meeting. According to the new Registered Vehicle Scrapping Facility Policy-2022, all old vehicles that have completed 15 years will be scrapped at the scrapping center. Vehicle owners will be encouraged to buy new vehicles. The policy aims to transform Odisha into the “Industrial Hub of Eastern India” by promoting industries in key and priority sectors of the state.

The Odisha Logistics Policy 2022, which is expected to create an integrated logistics system to enhance competitiveness, operational efficiency and sustainability, has also received cabinet approval. The policy is expected to strengthen the state’s position as a preferred destination for trade and commerce. The logistics sector has to be made inorganic. The policy will also facilitate private sector investment which will lead to employment generation in Odisha.

The state cabinet has also approved the Odisha Apparel and Technical Textiles Policy-2022 which will boost employment and enhance economic growth. The policy includes incentives such as capital investment subsidy, employment cost subsidy and market development initiatives. Besides this, the cabinet has approved the Export Promotion Policy 2022 to achieve an export target of Rs 3.5 lakh crore by 2026-27, taking Odisha into the league of top five exporting states. It advocates diversification of Odisha’s export basket by facilitating value addition.

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Odisha cabinet approves Registered Vehicle Scrap Facility Policy 2022

Story first published: Wednesday, November 30, 2022, 21:08 [IST]

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