India Inc expects Modi-Obama meeting to propel bilateral trade
The Dollar Business Bureau | @TheDollarBiz Top businessmen in India are optimistic that Prime Minister Narendra Modi’s visit to Washington next week will yield greater results for bilateral trade and draw more investments into India compared to his recent meetings with Japanese Prime Minister Shinz Abe and Chinese President Xi Jinping. In a survey conducted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), about 77% of the 261 top Indian corporate leaders who participated in the survey said that they expect tangible results from the Modi-Obama meeting slated for September 29-30, 2014. The other 23% are perhaps cautious considering that USA’s perceptions of Modi have been less than impressive in the past. However, things have changed ...
India avoids imposing anti-dumping duty on solar panel imports
Bhushan Palo | @TheDollarBiz The Indian government has decided not to impose anti-dumping duty (ADD) on solar panel imports from countries such as USA and China, and has instead turned its focus to help domestic manufacturers become competitive. Solar energy production in India surged around 56% Y-o-Y in 2013-14 to 2,631 MW, but domestic manufacturers, represented by Indian Solar Manufacturers Association (ISMA), have complained that subsidized imports of solar panels are hurting their interests. Last month, the Director General of Antidumping & Allied Duties (DGAAD) had recommended the imposition of anti-dumping duty between $0.11 per watt to $0.81 per watt on the imports from China, Chinese Taipei, Malaysia and USA to offset dumping and material injury suffered by the ...
