Saturday, June 21, 2014: The backing comes a day after Union Power Minister Piush Goyal and Transport Minister Nitin Gadkari met Commerce and Industry Minister to lobby against the anti-dumping duties.
Welcoming the Director General of Anti Dumping’s recommendation to the Finance Ministry that Anti Dumping Duty (ADD) upto $0.81 (Rs 48.6 per Watt) be imposed on imports from Malaysia, the US, Taiwan and China, the department of Commerce has opined that the move will protect the local industry while boosting local manufacturing in the country.
“We believe that imposition of anti-dumping duty will clearly give a signal to the domestic industry to gear up its acts for the future demand or seek investments in the sector. It also opens up opportunities of investments for foreign investors into the solar manufacturing sectors in the country and if we are talking of a long term development of solar manufacturing in this country then this could be a good way of doing it in a perfectly legitimate manner,” commerce secretary Rajeev Kher was quoted as saying. The backing comes a day after Union Power Minister Piush Goyal and Transport Minister Nitin Gadkari met Commerce and Industry Minister to lobby against the anti-dumping duties.
The DGAD, in its final findings, has recommended anti-dumping duties of up to $0.48 per watt on solar cells coming from the US and $0.81 per watt from China. Meanwhile, it recommends duties of up to $0.62 per watt and $0.59 per watt from Malaysia and Taiwan, respectively. The duty would apply to solar modules and cells assembled partially or wholly, originating in or exported from these countries. “That investigation process in a detailed manner has gone into the issue and clearly established that there is a dumping on account of solar cells from certain countries and there is a clear case established for imposition of anti-dumping duty,” Kher added.
