Featured in A Teutonic shift – 02-2018

Foggy days ahead for Indian solar

Solar duties: India is planning to impose a safeguard duty this year to protect its domestic solar manufacturing sector. Many in the industry earnestly believe that if such duties were to be imposed, then a slowing down in market growth would be inevitable. However, the Indian Solar Manufacturers Association (ISMA) believes this will not be the case. Either way, this duty has created unwanted uncertainty in the market.

By

Sraisth

14 Feb 2018

The port at Chennai is one of the most vital and important entry points for goods of all kinds into India. In September, the Port began levying an import duty on cells and modules, having reclassified these components as ‘motors,’ i.e. products that generate power and are thus eligible for taxation at a rate of 7.5%.

It could have been the plot to a great Bollywood movie: India’s solar market emerges from the fog, flexes its muscles, and rides off into the sunset. Cue the dancing. Such a screenplay, while engaging, would quickly have been taken to task for its many plot holes. In the real world, India’s solar market – despite …

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