Regulatory3 Jun 2026, 10:56 am
Borosil Renewables: CVD on Malaysian Solar Glass Imports Extended
AI Summary
Borosil Renewables Ltd announced the Ministry of Finance's recommendation to continue the imposition of definitive countervailing duty (CVD) on imports of solar glass (Textured Tempered Glass) from Malaysia for five years. This decision, effective from June 2, 2026, aims to protect domestic manufacturers from subsidized imports and encourage local production expansion. The company views this measure as crucial for the growth of India's solar glass industry.
Key Highlights
- Countervailing duty on Malaysian solar glass imports extended for five years.
- Measure aims to protect domestic manufacturers from subsidized imports.
- Expected to boost local production and drive industry growth.
- Company welcomes the government's decision.
Price Impact
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