Daily O

Is India’s 25 per cent safeguard duty for solar imports hampering the market?

With the added burden of a safeguard duty, most small developers will find it difficult to exist in the market and may face bankruptcy and financial collapse.

It was only recently that the Supreme Court of India restored the safeguard duty of 25 per cent for all imported solar cells and panels. There were uncertainties in the market for the last few months regarding this. Earlier this year the Directorate General of Trade Restrictions (DGTR) had suggested a 70 per cent safeguard duty to all imported panels. The idea behind the safeguard duty is to, of course, safeguard and promote domestic manufacturers.

Though India is one of the most attractive solar markets — with an ambitious target of (GW) by 2022 — it has failed to promote domestic manufacturing; with the market being is largely dependent on imported panels. Almost 90 per cent of

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