"I am minister for renewable energy. I am focusing in my mission and vision. The subject of anti-dumping relates to other ministry, which will take an appropriate call as and when it is required," he told reporters after meeting a delegation of solar power equipment makers and developers who are demanding imposition of anti-dumping duty on solar equipment imports.
To protect the struggling domestic industry, the Ministry of Commerce and Industry in May had recommended imposing a restrictive duty in the range of USD 0.11-0.81 per watt on solar cells imported from the US, China, Malaysia and Chinese Taipei.
Goyal in the past had said domestic solar power equipment manufacturing capacity of 700-800 MW is not sufficient to meet the government's ambitious plans of adding more power generation capacity through renewable energy sources.
Road Transport Minister Nitin Gadkari had written to Commerce Minister Nirmala Sitharaman opposing plans to levy of anti-dumping duty, saying this would escalate the cost of solar power in the country.
Meanwhile, Power Secretary P K Sinha said: "Solar power should contribute to supplying electricity to the transmission grid. For that the government should give incentives to the developers."
Solar power capacity addition is possible if aggressive support comes from banks, K N Subramaniam, CEO, Moser Baer Solar said in his presentation.
He added roof top solar in cities will go a long way in promoting solar power.
Sumant Sinha, Founder, ReNew Power, said let there be stability in policies so that we can encourage greater participation in the sector.
The government is of the view that solar power can become viable if produced on a large scale. The base price for solar projects can be kept low so that these projects can sustain themselves without the requirement of subsidy.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
