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Safeguard Duty may Rise Solar Tariffs in India

<p><span style="font-size:9.0pt">Safeguard Duty thus imposed on imports of Solar equipment from countries like China, Malaysia, Indonesia may hurt the growth of solar Industry. Objective of imposition of duty was to safeguard domestic solar manufacturers and hold back domestic market in India. More than 90% of solar equipment are imported which are competitive on economies of scale due to technological advancement and low cost financing. Duty imposed may or may not safeguard domestic solar equipment manufacturer&#39;s interest but is certain to burden Discoms with increased solar tariffs. This may also reduce pace of solar capacities addition.</span></p>