India Will Not Impose Antidumping Duties for Solar Cells
September 4, 2014
India will not impose duties on solar products from the United States, China, Taiwan, and Malaysia. In May of 2014, the Directorate General of Anti-Dumping and Allied Duties in India stated that these countries were dumping their products into India below fair market value, which damaged local industry. However, at the end of August, the Ministry of Finance decided not to impose these duties.
There is opportunity for significant growth in solar industry in India. According to “Jawaharlal Nehru National Solar Mission Towards Building SOLAR INDIA” published by India’s Ministry of New and Renewable Energy, India aims to increase their solar production to 20,000 megawatts by 2022, which will limit emissions, since the country is largely dependent on coal. By not imposing the duties on other nations, India will be able to access more advanced technologies, while also expanding trade with other countries, such as China. This in turn will help them achieve their environmental goals in the future and continue trade relations with other nations. The duties would have increased the price of solar power for consumers in India and limited the growth of this industry.
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