homebusiness NewsProposed 'polluter pays' policy, to hold auto companies accountable for recycling responsibilities
Proposed 'polluter pays' policy, to hold auto companies accountable for recycling responsibilities
The government is actively considering the implementation of a new policy that would require automobile companies to take responsibility for recycling some of the vehicles they sell. The objective behind this initiative is to apply the "polluter pays" principle to the automotive sector.
The government is actively considering the implementation of a new policy that would require automobile companies to take responsibility for recycling some of the vehicles they sell. The objective behind this initiative is to apply the "polluter pays" principle to the automotive sector.
According to sources, the government has already initiated discussions on this matter, with an inter-ministerial group holding its first meeting in this direction. Currently, they are in the process of formulating a viable formula for the proposed extended production responsibility policy.
To ensure a comprehensive approach, the government has reached out to the Society of Indian Automobile Manufacturers (SIAM) and other automotive industry bodies, inviting their valuable input and suggestions on the recycling and reuse of vehicle components.
In the near future, it is likely that a technical committee will be established to outline the various aspects and provisions of the recycling policy.
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