scorecardresearch
Saturday, Dec 10, 2022

China solar supplier grows in India to avoid trade controls

Longi Solar Technology Ltd's announcement follows the Trump administration's January 24 decision to impose an extra 30 per cent duty on imported solar modules.

US tariffs washing machines, US tariffs solar panels, Asia, tariffs washing machines, tariffs solar panels, world news, latest world news, indian express, indian express news An Indian regulator says it is considering a “safeguard tariff” of 70 per cent on solar panels from China and Malaysia.

One of China’s biggest makers of solar panels on Tuesday said it will invest $309 million to expand manufacturing in India in a move to guard against what it complained is a rising threat of import controls in the United States and other markets. Longi Solar Technology Ltd’s announcement follows the Trump administration’s January 24 decision to impose an extra 30 per cent duty on imported solar modules. An Indian regulator says it is considering a “safeguard tariff” of 70 per cent on solar panels from China and Malaysia.

Chinese manufacturers dominate global solar panel production. Their explosive growth has helped to propel adoption of renewable energy by driving down costs. But the United States, Europe, India and others complain unfairly low-priced exports hurt their manufacturers and threaten thousands of jobs.

The United States, Europe and other non-Chinese markets account for only 10 percent of Longi’s sales, according to its strategy director, Max Xia. But he said Longi wants to promote global sales of its latest technology this year.

Subscriber Only Stories
UPSC Essentials| Weekly news express with MCQs : Inequality Report 2022, ...Premium
Behind Mumbai’s unusually foul air, changes in wind patternsPremium
How BJP set its house right in Gujarat but not in Himachal PradeshPremium
Delhi Confidential: Delegation dilemma as Supriya Sule raises Maharashtra...Premium

First published on: 06-02-2018 at 03:49:57 pm
Next Story

West Indies to host first day-night Test at the Kensington Oval

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement
close