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The Indian Division of Commerce has imposed preliminary antidumping measures on chosen photo voltaic glass producers exporting merchandise from China and Vietnam.
In its preliminary findings issued final week, the Directorate Common of Commerce Treatments discovered that seven glass producers in China and one in Vietnam have shipped merchandise to India which have “injured” the home photo voltaic glass manufacturing trade.
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The investigation, which was launched by Indian photo voltaic glass producer Borosil Renewal Ltd. in February, refers to textured tempered coated and uncoated photo voltaic glass, which the Division of Commerce stated are comparable in bodily, technological and purposeful traits to domestically produced merchandise.
The preliminary findings conclude that photo voltaic glass imports from China and Vietnam are undercutting the costs of the home trade beneath the price of home manufacturing, have prevented a worth improve which in any other case would have occurred and have dominated the market all through the investigation interval. Subsequently, the findings say that India’s home photo voltaic glass trade has suffered losses, money losses and destructive returns on capital deployment.
The Division of Commerce assigned dumping margins of between 50% and 90% for Chinese language exporters and between 30% and 40% for Vietnamese exporters.
The dumping charges for Chinese language corporations had been calculated primarily based on the price of manufacturing and product worth for home merchandise as a result of not one of the respondents “filed a request for market economic system therapy”, the preliminary findings stated.
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This transfer from the Indian trade and Division of Commerce follows the continued antidumping and countervailing obligation investigation on photo voltaic cells imported to the US. Notably, each investigations draw parallels between Chinese language and Southeast Asian photo voltaic producers. The US highlighted Malaysia, Thailand and Cambodia in addition to Vietnam in its investigation of product dumping and export tariffs.
India and the US might increase their photo voltaic commerce relationship sooner or later, in response to a brand new report from the Institute for Power Economics and Monetary Evaluation and JMK Analysis, which stated that India might substitute southeast Asia because the main exporter of photo voltaic items to the US as each nations look to decouple their provide from Chinese language affect.
The Indian authorities is making an attempt to carry photo voltaic manufacturing onshore via a mix of incentives and tariffs. Final month Indian analysis agency Mercom printed information which confirmed that the nation added 11.3GW of photo voltaic module and 2GW of photo voltaic cell manufacturing capability within the first half of 2024.
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