25 Aug '14, 3pm

India Vows to Buy Local Solar Content as Dumping Deadline Passes

India Vows to Buy Local Solar Content as Dumping Deadline Passes

The assurance came as India failed to publicly announce dumping duties by an Aug. 22 deadline on competing U.S. and Asian imports . The levies threatened to stall projects in the region’s third-biggest solar market and escalate a protectionist trade war already under way between the U.S., Europe and China. “We will ensure domestic manufacturers are taken care of, while not allowing that to become a restricting factor,” for the broader industry, Piyush Goyal told a meeting of solar executives in New Delhi on Aug. 22. “I make a public assurance that the government won’t be found wanting in picking up whatever you produce.” Cell makers including Indosolar Ltd. and Websol Energy System Ltd. had idled as much as three-quarters of their production as they were unable to compete against cheaper imports. They’d petitioned for the duties, which would have priced out overseas suppli...

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

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