Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The state government of Gujarat plans to set up two new scrap vehicle parks, one in Alang and another in Kutch. The state has also signed MoUs with six private companies ensuring support for their upcoming vehicle recycling units.


On Aug 13, Prime Minister Narendra Modi launched India’s vehicle scrappage policy and Voluntary Vehicle Fleet Modernization programme (V-VMP). The scrappage policy aims to provide opportunities for small and medium scale enterprises. While automakers can leverage the policy to boost sales and reduce their carbon footprint.


PM Modi highlighted the availability of skilled manpower in Alang and pointed out that the transformation of the scrap industry into an organized sector will benefit small traders and workers alike.


Gujarat already has a vibrant ecosystem for ship recycling with scrap processing, metal recycling and waste disposal units in the state. The state government has signed the MoU with Tata Motors, CMR Kataria Recycling, Cero- Mahindra MSTC Recycling, Modest Infrastructure, Mono Steel and Mascot Engitech. 

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