When the BJP Government assumed office in 2014, the Indian solar industry was on tenterhooks. The Ministry of Commerce had recommended anti-dumping duties ranging between ₹6 and ₹47 per watt of solar modules imported from China, Malaysia, Taiwan and the U.S., and the recommendation had to be only formally notified by the Ministry of Finance.
Solar power had barely begun to take roots in India, and the country had a total installed solar power capacity of 2,632 MW. The industry was taking baby steps with the aid of cheap, imported modules. The anti-dumping duty was going to kill it. On the other hand, a clutch of domestic players had set up module manufacturing plants in India, eyeing business from a sunrise industry. Crushed by cheap imports, they looked up to the government for protection.
Faced with a vexing dilemma, the new government made a pragmatic choice. It said ‘no’ anti-dumping duties; it also told the domestic manufacturers, ‘don’t worry, we will get the government-owned companies buy from you.’Read More
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