British media said that the Indian Ministry of Trade proposed on the 16th to impose a 25% tariff on solar cells and solar modules imported from China, trying to counter what it believes is a threat to domestic battery equipment manufacturing.
According to Reuters New Delhi reported on July 16, the price of solar cells and solar modules is declining, which has led to a decline in the cost of solar power generation, which has led to the increasing use of this technology by Indians. In India, more than 90% of these two commodities It is imported from China.
India plans to increase the share of renewable energy generation to total installed capacity from 20% to 40% by 2030.
▲Photo: A solar power plant in Tamil Nadu, India
The trade tariff proposed by the Ministry of Trade lasts for two years and applies to imported products from China and Malaysia. The tariff rate will drop to 20% in the first six months of the second year and to 15% in the next six months. One proposal is lower than the 70% tax rate proposed by the Indian authorities in January.
According to the report, the Ministry of Trade’s proposal is included in a report published by it. The proposal will be submitted to the government for approval. The General Administration of Foreign Trade of India stated in the report that the proposal is aimed at responding to Chinese imports to domestic solar energy. The 'serious threat' of manufacturing.
According to the report, Indian solar cell and solar module manufacturers say that cheap Chinese imports 'injury the domestic industry'; while Chinese manufacturers say that imports help India accelerate its adoption of renewable energy.
According to the report, the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products said: 'The real reason for the damage to India's domestic industry is the aggressive pricing practices of other Indian producers, not imports.'
The report said that the trade relationship between the two Asian countries has recently thawed, despite concerns about a trade war in other places. The two sides negotiated to increase sales of Indian agricultural products. India promoted China to allow its software service companies to enter the Chinese market.
However, the India-China trade deficit expanded to 62.9 billion US dollars, an increase of more than eight times in the past 10 years.
According to the report, the General Administration of Foreign Trade of India wrote that India’s share of China’s solar cell and solar module exports rose from about one-fifth in the first half of 2016 to two-fifths after one year. It also said that China’s More aggressively targeting the Indian market'.
Some Indian solar power companies have reservations about tariffs. Avaada told the General Administration of Foreign Trade of India that protective tariffs will put solar projects worth more than one trillion Indian rupees (about $ 14.59 billion) at risk.
