Bhupender Yadav addresses SIAM’s 3rd International Conference on Sustainable Circularity, in New Delhi

Bhupender Yadav, delivered the keynote address at the Special Ministerial Session of the 3^rd International Conference on Sustainable Circularity, organized by the Society of Indian Automobile Manufacturers (SIAM), in New Delhi today.  Themed ‘Nature Positive Recycling’, the conference brought together key stakeholders from the automotive industry to discuss sustainable development and circularity.

In his opening remarks, Shri Yadav commended SIAM for initiating discussions on circularity amidst the rapid growth of India’s automotive sector, now the third-largest market globally in passenger vehicle sales. He emphasized the importance of aligning this growth with environmental sustainability, drawing inspiration from nature's efficient recycling systems. Emphasizing on ‘Nature Positive Recycling’, the Minister stated that “Nobody recycles like Nature”. He further noted, “We can ever match the scale of production when it comes to Nature and yet there is zero waste. As we take pride in our manufacturing abilities, let us also take a humbling lesson from Mother Nature in managing waste”. The Minister called upon the august gathering to make Nature their ideal when recycling strategies are planned.

Shri Yadav highlighted the significance of transitioning to a circular economy, which he described it as an imperative for India’s future. He outlined the three-fold benefits of circularity:

• Economic Growth: Reducing reliance on raw materials and lowering production costs.
• Environmental Sustainability: Minimizing ecosystem damage and emissions.
• Social Impact: Creating green jobs and promoting sustainable practices.

Union Minister lauded Prime Minister Shri Narendra Modi for instilling a ‘Can-do’ spirit in the Government. He stated that under PM’s leadership, India is not just talking about managing waste but about unlocking the value of waste and turning ‘Waste to Wealth’.

The Minister detailed key government policies supporting sustainability in the automotive sector:

• Vehicle Scrappage Policy (2021): Mandates fitness tests for passenger vehicles older than 20 years and commercial vehicles older than 15 years, replacing polluting vehicles with BS-VI-compliant models. This is projected to reduce up to 17% NOx and 11% PM2.5 emissions from freight trucks.
• End-of-Life Vehicles (ELVs) Rules, 2025: To be effective from April 1, 2025, these rules ensure environmentally sound scrapping of vehicles, with manufacturers fulfilling Extended Producer Responsibility (EPR) by ensuring ELVs are properly scrapped in registered facilities. The scrapping of vehicles is also incentivized.
• Promotion of Electric Vehicles (EVs): Initiatives like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) and the Production-Linked Incentive (PLI) schemes are driving EV adoption on a huge scale. EV sales are expected to reach 35% of total vehicle sales by 2030, avoiding 5 metric tonnes of CO₂ emissions annually.