The project to be implemented by Kerala Highway Transportation Corporation (KSRTC) In partnership with South India Metal Corporation (SIMCO), it will be able to recycle up to 100 million tons of vehicles per day in accordance with scientific protocols, he said.The project is being built with an estimated investment of $3.2 million and is expected to be completed within the next eight months.
Owners of vehicles recycling their vehicles through the RVSF center will receive a fair and transparent market price and will be eligible for tax breaks and other benefits from the central government when purchasing a new vehicle with a certificate of deposit (CoD), the official said.
