Scrapping business unlikely to yield returns for 3-4 years

While a few companies are already betting big on the vehicle scrapping business, it is going to be capital-intensive and would not yield returns for the next three to four years given that there is low public awareness and the policy is yet to be completely notified, experts said. The vehicle scrapping policy proposed by the road transport and highways ministry last week has been called a step in the right direction by all stakeholders. But