India ministry urges on Chinese solar cells, modules – Business News

NEW DELHI: India's trade ministry on Monday recommended a 25 percent duty on imports of solar cells and modules from Malaysia and China for a year to date (19459002) Falling prices of solar cells and modules, over 90 percent of which India imports from China, Indians increased to adopt the technology.

Percentage of total installed capacity by 2030, from 20 percent currently.

The contribution of the first year to 20 percent for six months and then 15 percent for six months. The recommendation is contained in a report prepared by the Ministry of Justice.

The recommendation, contained in a report published by the ministry and to be submitted to the government for approval, is intended to address a serious threat to the domestic (India), India, India, India, India, India, India, India, India renewable energy adoption program.

"Solar module manufacturers are facing tough and unhealthy competition from imported modules," the report of the North India Module Manufacturer Association as saying.

The China Chamber of Commerce for Imports and Exports of Machinery Electronic Products said the "real cause of injury to the domestic industry is aggressive pricing practices of other Indian producers and not imports. "

Trade relations between the two Asian nations have thawed a few times in the past.

However, the trade deficit has widened to $ 62.9 billion in China's favor, an over-nine-fold increase over the last decade.

India's share in China's exports of solar cells and modules rose from about a fifth in the first half of 2016 to two-fifths a year later, the DGTR wrote, adding that China had "started targeting the Indian market more vigorously."

Some Indian solar power generators, like Avaada Ltd, duties. It would be worth more than 1000 trillion Indian rupees ($ 14.59 trillion) under jeopardy, Avaada told DGTR

($ 1 = 68,5400 Indian rupees) – Reuters