Power Minister may seek scrapping of proposed duty on solar
gear
30/06/2014 15:59
The Power Ministry may seek dropping of the proposal to levy anti-dumping duty on imported solar power equipment on the plea that the current manufacturing capacity is not sufficient to meet the requirements of electricity generating firms in the sector, reported PTI. "It's a quasi-judicial process and we will respect the process and take adequate measures to get the support of the Finance Ministry and the Commerce Ministry in this regard," Power Minister Piyush Goyal told PTI. The Commerce Ministry has recommended levying anti-dumping duty on solar cells imported from the US, Malaysia, China and Chinese Taipei, a move that would provide relief to struggling domestic manufacturers, as per the media reports. Goyal said at present, the country has solar power equipment manufacturing capacity of 700-800 MW, which is inadequate in meeting the huge plans that the government has in expanding renewable energy sources. Recognising the need for greater local equipment manufacturing, he added, "There should be no denying that India should expand the manufacturing base and we should look at more and more indigenous production of solar equipment."
30/06/2014 15:59
The Power Ministry may seek dropping of the proposal to levy anti-dumping duty on imported solar power equipment on the plea that the current manufacturing capacity is not sufficient to meet the requirements of electricity generating firms in the sector, reported PTI. "It's a quasi-judicial process and we will respect the process and take adequate measures to get the support of the Finance Ministry and the Commerce Ministry in this regard," Power Minister Piyush Goyal told PTI. The Commerce Ministry has recommended levying anti-dumping duty on solar cells imported from the US, Malaysia, China and Chinese Taipei, a move that would provide relief to struggling domestic manufacturers, as per the media reports. Goyal said at present, the country has solar power equipment manufacturing capacity of 700-800 MW, which is inadequate in meeting the huge plans that the government has in expanding renewable energy sources. Recognising the need for greater local equipment manufacturing, he added, "There should be no denying that India should expand the manufacturing base and we should look at more and more indigenous production of solar equipment."
