The Indian Finance Ministry’s order imposing a safeguard duty for two years on solar imports from developed countries as well as China and Malaysia has brought long-awaited clarity to both manufacturers and developers, but both segments of the industry have a number of fears.
The concerns include the threat of rising tariffs, the appetite of utilities to buy more expensive power, the possibility of circumvention of the tariffs though other Southeast Asian countries and the duties not being high or long enough to actually support domestic manufacturing.
Developed nations including US, Europe, Taiwan, Korea and Japan all come under the remit of the duty while developing countries apart from China and Malaysia are not subject to the duties.
