India may join US-China solar trade spat

- Advertisement -

India may jump into an escalating US-China trade fight over solar energy as local manufacturers lobby New Delhi for protection against imports from rivals including First Solar Inc (FSLR) and Suntech Power Holdings Co (STP), according to a Bloomberg report.

India may initiate an anti-dumping probe in a month focused on imports of Chinese solar products, China’s Commerce Ministry said in a statement recently.

Indian manufacturers are also seeking a 15 per cent tariff on imports of thin film solar panels, according to Tarun Kapoor, secretary, Renewable Energy Ministry. The biggest thin film panel company is Tempe, Arizona based First Solar.

- Advertisement -

Indian suppliers such as Tata BP Solar India Ltd, Indosolar Ltd (ISLR) and Moser Baer India Ltd (MBI) have failed to benefit from a rule intended to spawn a domestic manufacturing hub in one of the world’s fastest growing markets.

Instead, low cost Chinese rivals like Suntech and Trina Solar Ltd (TSL) and US firms backed by preferential trade finance including First Solar have reaped most of the equipment orders for 1,100 megawatts of plants to be built by January.

“It’s a disaster in the making,” said K. Subramanya, chief executive officer of Tata BP Solar, 51 per cent owned by BP Plc and India’s third biggest cell and panel maker. “I’m feeling a bit of anguish because we want solar to succeed but we need fair competition.”

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Exclusive

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

Rivian & Clearloop to Charge EVs With Carbon-Free Renewables

0
Rivian’s Clearloop-supported new Waypoints electric vehicle charging site, with its industry-standard J1772 plug, was inaugurated in Paris Carbon solutions platform Clearloop and US-based all-electric trucks,...

Important Sectors

Intel, Digital India, CPU

Intel Reports Loss Of $664 Million For Q4

0
The Wall Street stock came tumbling down after the Intel forecast suggested a loss for the next quarter as well. Intel Corp missed the earnings...

STMicroelectronics Tops Estimates With 24.4% YoY Increase in Q4 Revenue

0
STMicroelectronics' upbeat earnings resulted in a 9% jump in shares leading to a 52-week high of 43.10 euros on the EPA exchange. Semiconductor manufacturer STMicroelectronics...

Otodata to Use Ericsson’s IoT Accelerator; Aims For Global Expansion

0
Otodata is working with Ericsson and Bell to embed SIM cards into its devices, allowing them to work on the public cellular network ...

Morse Micro & Chicony to Launch Wi-Fi CERTIFIED HaLow IoT Security Cameras

0
The HaLow cameras propose to support both indoor and outdoor environments, allowing users to monitor entire locations without the need for cabling or Wi-Fi...

North India’s Largest Floating Solar Project Set Up in Chandigarh

0
Chandigarh Renewable Energy and Science & Technology Promotion Society undertook the two projects to generate over 35 Lac kWh of solar energy per year In...

Manufacturing

Australia

Tesla To Invest $3.6B In Nevada Gigafactory

0
The latest investment by Tesla comes at a time when US automakers are heavily investing in electric vehicles and batteries. Tesla said that it would...
Piyush Goel

Apple To Raise India Production to 25%, Says Piyush Goyal

0
Apple currently manufactures iPhone 11, 12, 13 and 14 models at the Foxconn facility while iPhone SE and iPhone 12 are assembled at the...

Global Connector Maker Bel Fuse Appoints New Global Head of People

0
Bel Fuse said that the newly created position would empower the global connector maker in its cultural transformation journey.  Global connector manufacturer Bel Fuse Inc....

Gogoro, Belrise form $2.5B JV with Maharashtra for EV charging stations

0
The equal stakes partnership will form an infrastructure company that owns battery swapping and EV charging stations across the state of Maharashtra. The state government...

Aries, Emdalo Team Up To Develop RISC-V FPGA Module

0
Aries will incorporate PolarFire FPGA architecture for its two M100PF and M100PFS system-on-modules (SoM).  Germany-based Aries Embedded has partnered with Emdalo Technologies to develop embedded...