Important News Snippets from India’s Renewable Industry in June 2019
After the culmination of the Lok Sabha elections in May, the domestic renewable industry appears to be gathering momentum again
July 4, 2019
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In the month of June 2019, the most important news development in India’s renewable industry came from the United States with President Trump ending India’s designation as a beneficiary developing country. This, in turn, has ended the duty-free status of about 2,000 products amounting to approximately $6 billion, including solar cells and modules. The United States Trade Representative (USTR) exempted bifacial and a few other types of solar panels from the levy of newly-imposed safeguard duty of 25%.