In a report to the government on Monday, the Indian Ministry of Trade proposed a 25% tariff on solar cells and modules imported from China and Malaysia for a period of one year to counter what it believes poses a threat to India's domestic solar equipment industry. India imports more than 90% of solar cells and components from China. As the price of solar cells and components continues to fall, the cost of solar power is declining, prompting Indians to adopt solar power technology more and more. India plans to make it by 2030. Renewable energy accounts for 40% of its total installed capacity, which is currently 20%. According to the Indian Ministry of Trade, India will impose a two-year tariff on solar products imported from China and Malaysia, the first year tax rate. 25%, will fall to 20% in the first half of the second year and further to 15% in the second half. This proposed tariff is much lower than the 70% recommended by the General Directorate of the Indian Safeguards on January 6 this year. Citing the North India Module Manufacturers Association, solar module manufacturers are facing fierce and unhealthy competition from imported products. China Machinery and Electricity
