Chinese and Malaysian solar panels face 25% safeguard duty in India

The Indian solar manufacturing had asked for 95 per cent safeguard duty on imports

“It should be noted that if the SGD is imposed without exempting the SEZ, it will affect the domestic manufacturing industry adversely as 3,825 megawatt (Mw) of the 8,898 Mw of installed capacity of solar modules is based in the SEZ and 2,000 Mw of the 3,164 Mw of installed capacity for solar cells is based in the SEZ. If the government wants to impose SGD, it should exempt the SEZ,” said Gyanesh Chaudhary, managing director and chief executive officer, Vikram Solar.

The SGD would lead to an escalation of 60-70 paise in the solar power rates which are currently hovering