January 7 (Renewables Now) - The Indian government may extend the safeguard duties on solar cell and module imports from China, the Business Standard reports, citing unnamed sources.
India imposed tariffs on imports of solar photovoltaic (PV) equipment from China and Malaysia in 2018. Initially set at 25%, the duty was reduced to 20% in mid-2019, and then to 15% at the start of this year. It will remain in place until July, 2020.
According to the report, the Indian government is considering an extension following a request from domestic solar equipment manufacturers who believe China was looking at India after the cancellation of bulk orders from major US buyers. This is triggering fears that the Indian market would be flooded with Chinese imports if there are no safeguard duties in place.
Imports of solar cells into India decreased to USD 1.4 billion (EUR 1.25bn) between April 2019 and November 2019. In fiscal 2018/2019, they stood at USD 2.15 billion, while a year earlier they were USD 3.83 billion. This drop has resulted in reduced solar capacity additions.
(USD 1.0 = EUR 0.894)