Industry News

Imposition of anti-dumping duties on solar modules and cells encourages local manufacturing of solar equipment

India: Bharat Solar Power Development Forum (BSPDF), led by the Swadeshi Jagran Manch (SJM) which was setup when NDA government came into power, wants the government to impose anti-dumping duties on solar modules and cells in order to support domestic solar manufacturing. The Forum also focuses on increasing the Viability Gap Funding (VGF) that the government offers to users of local solar equipment manufacturers. The Forum has held 10 meetings across the nation till now to spread its message, which were attended by indigenous solar companies and Ministry of New and Renewable Energy.

TechSci Research depicts that with the Government target to achieve 100,000MW of solar power by 2022 and with policies that promotes local manufacturing through subsidies and anti-dumping duties will support large scale production of equipment. Launch of Jawaharlal Nehru National Solar Mission by Government of India in 2010 has been a major initiative taken to promote sustainable development of the solar energy sector in the country. Generating energy by tapping sun’s radiation is expected to help India inch towards ensuring energy security and reduce the country’s greenhouse gas emissions in the coming years.

According to released report of TechSci ResearchIndia Solar Power Equipment Market Forecast & Opportunities, 2020”, the solar power equipment market in India is projected to surpass USD4 billion by 2020. Constantly improving solar equipment technologies, advanced manufacturing processes for production of hi-tech equipment and anticipated decline in equipment prices is projected to further drive the solar equipment market over the next five years.

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