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Solar power companies plan move against dumping probe into Chinese imports
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The petition claimed that imports from these countries which account for more than 90% of the solar equipment used in the country were priced lower than their cost and that they would be able to monopolise the entire market by taking control of the manufacturing supply chain.
Solar power developers hope that they would be able to get scrapped the Directorate General of Trade Remedies’ (DGTR) investigation on a petition seeking additional antidumping duties on solar equipment and component imports, people aware of the matter said.
The developers already reeling under high commodity costs, cancelled contracts and prospects of a new customs duty of up to 40% on panels and cells from next April believe the case could be thrown out based on a rule by the DGTR itself that forbids anyone with less than a 25% market share from making such a request.
Solar PV market under duress from dependence on imports 22:18 | 03/06/2021
The large solar panel market in this country is currently presided over by overseas investors
The Indian Ministry of Commerce and Industry a fortnight ago launched an anti-dumping probe into solar cells originating from China, Thailand, and Vietnam, following a petition by the Indian Solar Manufacturers Association. The move has shocked Vietnam-based panel producers.
The ministry said that solar panel products originating or imported from the three countries have a high margin of dumping, exceeding the minimum threshold of 2 per cent.
The Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade said producers and exporters should contact the Indian ministry to register for questionnaires and keep abreast of relevant information coming from India. Any action deemed uncooperative could lead to India imposing anti-dumping duties, it warned.
The manufacturing complains have claimed that Chinese solar manufacturers like Longi, Jinko, and Trina are selling in India below their cost price, in an effort to dump their goods and corner the market entirely. Later on, due to supply chain dependency, these companies will be able to monopolise the entire market while having very little competition.