RENEWABLE ENERGY

Domestic solar manufacturers hail extension of safeguard duty on Chinese equipment

Domestic solar manufacturers have welcomed the move to extend safeguard duty on Chinese equipment, although project developers said there should be a clear long-term policy.

The All India Solar Industries Association also said the duty should be increased to at least 50% from 15%.

“For investment in manufacturing, investors need visibility of business and protection against dumping for at least seven to eight years,” Hitesh Doshi, chairman of AISIA, told ET.

The National Solar Energy Federation of India’s CEO Subrahmanyam Pulipaka echoed the sentiment, saying: “We support any move that protects India’s domestic manufacturing interests.”

The Directorate General of Trade Remedies recommended the imposition of safeguard duty on Chinese solar imports for one more year at 14.9% for the first six months from July 30 and 14.5% for the following six months.

Source
ET Energy World
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