‘Solar import duty to drive costs, local firms may not gain’

Highlights

  • The Directorate General of Trade Remedies’ recommendation on Monday to impose a 25% safeguard duty on solar component imports is a double-edged sword, according to analysts, as it will spur domestic manufacturers of these components, but will also raise costs for projects planned on cheaper, imported components, by about 15-20%.

Source: The Hindu

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