According to a report by Fortune magazine on October 5, with the significant improvement of local production capacity, India plans to impose a 30% anti-dumping duty on Chinese solar cells and modules (whether assembled or not) for a period of three years. A survey conducted by the Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce and Industry, found that Chinese solar cells and modules once accounted for over 90% of the Indian market. From April 2023 to March 2024, the export volume of related products from China to India increased by approximately 240%. Several Indian companies filed complaints, claiming that Chinese products were "dumped" in India, leading to the cancellation of many Indian companies' orders. The profit of the domestic industry fell by as much as 275%, and cash profits dropped by 158%, severely impacting India's solar energy industry. In response, DGTR recommended imposing an anti-dumping duty on Chinese solar cells and modules to protect the Indian domestic industry. The proposal has been submitted to the Ministry of Commerce and Industry and is awaiting approval. According to the information, India's current solar cell production capacity is about 30,000 megawatts (30 GW), and the silicon ingot production capacity is about 1,400 megawatts (14 GW). By 2030, it is expected to increase to 65,000 megawatts (65 GW) and 2,800 megawatts (28 GW), respectively.
Original article: www.toutiao.com/article/1845243849488384/
Statement: This article represents the views of the author.