Business Update9 May 2025, 02:22 pm
Borosil Renewables Welcomes Imposition of Anti-Dumping Duty on Solar Glass Imports from China and Vietnam
AI Summary
Borosil Renewables Ltd. has welcomed the decision of the Ministry of Finance to impose an anti-dumping duty on imports of solar glass from China and Vietnam. The duty will be in effect for five years from December 04, 2024. The company believes that this will restore fair competition, create a level playing field for domestic manufacturers, and encourage significant growth in domestic manufacturing of solar glass, leading to the exponential growth of India’s solar glass industry.
Key Highlights
- Ministry of Finance has notified levy of anti-dumping duty on import of solar glass from China and Vietnam.
- The duty will be in effect for five years from December 04, 2024.
- Borosil Renewables believes this will encourage rapid and significant growth in Domestic manufacturing of solar glass.
- This decision will restore fair competition and create a level playing field for domestic manufacturers.
- This is expected to lead to exponential growth in India’s solar glass industry.