Recently, the Indian government announced an important policy to protect the development of the country's solar industry. India's Ministry of Commerce said it will impose preliminary anti-dumping duties on solar glass imports from China and Vietnam, which could be as high as 90%. The move is aimed at defending the domestic market from unfair trade practices.
It is reported that the anti-dumping investigation was initiated by Borosil Renewal Ltd., a well-known Indian solar glass producer, in February this year, mainly targeting coated and uncoated textured tempered glass. After a preliminary investigation, India's Directorate General of Trade Remedies found that seven Chinese glass manufacturers and a Vietnamese producer exported to India's solar glass prices are far below the local production costs, causing a substantial blow to India's local solar glass industry.
In response to this situation, India's commerce ministry decided to set anti-dumping duty rates at 50 to 90 percent for Chinese exporters and 30 to 40 percent for Vietnamese exporters. This decision shows India's growing stance in protecting its economic interests.
It is worth noting that this anti-dumping measure is not an isolated case. As the global emphasis on solar photovoltaic technology continues to rise, around the field of trade protection measures have become more frequent. The International Energy Agency (IEA) recently released a report pointed out that by 2035, the value of international trade in renewable energy technologies will triple, and the security of the global supply chain is facing more and more threats and potential disruptions.
The Indian anti-dumping measures come on the heels of a U.S. anti-dumping and countervailing duty investigation into imported solar cells. India is actively seeking to become a major exporter of solar products to the United States as India and the United States gradually reduce their dependence on China. To this end, the Indian government is encouraging the development of the domestic solar manufacturing industry through a series of incentives and tariff measures.