23 Jun '14, 2pm

India Will Likely Scrap US and Asian Solar Dumping Tariffs

India Will Likely Scrap US and Asian Solar Dumping Tariffs

NEW DELHI -- India’s power ministry is seeking to ditch a proposal to impose dumping duties on imports of U.S. and Asian solar equipment, saying tariffs would undermine Prime Minister Narendra Modi’s plans to boost sun power. “We’ve requested the commerce ministry and finance ministry to reconsider,” Power Minister Piyush Goyal told reporters today in New Delhi. “As things stand today, India doesn’t have adequate manufacturing capacity to support the kind of thrust we want to give to solar.” The comments indicate growing opposition in Modi’s government to levies recommended on May 22 by the nation’s previous administration. The proposed tariffs ranging from 11 cents to 81 cents per watt threaten to more than double the price of U.S., Chinese, Malaysian and Taiwanese panels. India has built 80 percent of its photovoltaic capacity using panels imported from those countries, ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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