Glimpses of last week: Despite good monsoon, farming for food grain falls; Vegetable oil imports increase
By Abin Daya The first round of returns filing for GST has happened, and businesses are slowly getting a hang of the processes, and are also understanding the tax better. Much work still needs to be done, and it will take at least two quarters, if not more before we can say that we have become comfortable with it, and it is business as usual again! In the meantime, though, despite a good monsoon, aggregate acreage under cultivation is falling, particularly for food-grains. While the bumper harvest of last year should provide some relief, we will need to do much more to meet our ever-growing demand. The kharif acreage is one of the topics that we deal with this week. Under the same ...
Tata Power Solar exports record 1GW solar modules
The Dollar Business Bureau India’s leading integrated solar player, Tata Power Solar, has accomplished the milestone of exporting solar modules of 1 GW and witnessed a 60% increase in shipment in the past 5 years. “Tata Power Solar has successfully shipped 1 GW solar modules worldwide, a first for any Indian solar manufacturer,” the company said in a statement on Monday. With both modules and cell manufacturing capacities, the achieved milestone firms the company's place as one of India's largest players in PV (photovoltaic) module manufacturing sector, the statement said. Tata Solar Power has recorded a steady increase in the volume of modules in the last 27 years, with more than 60% of their modules exported over the ...
India's solar capacity reached 6,000 MW in 6 yrs
The Dollar Business Bureau India is likely to become one among the top global installers of solar energy with an existing capacity that reached 6,000 MW from 10 MW over a period of six years, said Gyanesh Chaudhary, MD and CEO of Vikram Solar Pvt Ltd. He said that the government's International Solar Alliance (ISA) proves the strong commitment of the country towards the solar energy sector. India has already achieved the position in the top five solar installers in the globe. With an increased solar capacity of 6 GW, the country can surely become one of the biggest solar installers in the world. 'Make in India' programme and the National Solar Mission are the two government initiatives that can help the sector ...
Indian government hints at imposing anti-dumping duty on solar modules
The Dollar Business Bureau | @TheDollarBiz While companies that are dependent on imports of soar modules from China and other countries are vehemently opposed to imposition of anti-dumping duties on solar modules (Read Anti-dumping duty on solar modules will be a big mistake: N. Surana), the Indian government hinted today that it may be a reality soon. Minister of Commerce Nirmala Sitharaman, citing the Director General of Antidumping & Allied Duties (DGAD), informed the Parliament today that solar modules and other parts have been exported to India from China PR, Chinese Taipei, Malaysia and USA “below its normal value”, which has hurt the domestic manufacturing industry represented by Indian Solar Manufacturers Association (ISMA). DGAD has recommended imposing anti-dumping duties between $0.11 ...
Anti-dumping duty on solar modules will be a big mistake: N. Surana
Interview by Jayashankar Menon | @TheDollarBiz Solar project costs could increase by 50-60% if anti-dumping duties are imposed, says Surana The Indian government is considering the recommendations of the Directorate General of Anti-dumping and Allied Duties (DGAD) to introduce anti-dumping duties on imported solar modules from countries like China, USA, Malaysia and Taiwan.However, Narender Surana, Managing Director of Hyderabad-based Surana Ventures Limited, in an exclusive interview with The Dollar Business, says that such protectionist measures are myopic and might prove to be disastrous for India’s solar programme. Excerpts: TDB: As per some reports, twenty foreign companies sold solar modules/cells in India at half of what they sold at home. What is your view on this alleged dumping? NS: Such reports are ...
