India, June 29 -- In a bid to increase the revenue of the debt-ridden Maharashtra State Road Transport Corporation (MSRTC), the transport department has decided to set up a mega vehicle scrapping facility near Chhatrapati Sambhaji Nagar on 100 acre of land. It will be on Public Private Partnership (PPP) basis and the bidder will be selected on the basis of share he offers in revenue. The upcoming facility would be around 20 times bigger than the existing facilities in the state, which are on 2-5 acre of land.

In 2021, the central government came up with a policy for scientifically scrapping vehicles which are over 15 years old, under the Registered Vehicle Scrapping Facility (RVSF) guidelines. Maharashtra government adopted this policy i...