More bad news for solar firms as India imposes duties


Solarvest Energy Sdn Bhd engineers inspecting solar panels at the company office in Butterworth, Penang. - ASRI ABDUL GHANI / The Star (filepic)

PETALING JAYA: Malaysia’s solar industry will be hit by another blow after India became the second country after the United States to impose safeguard duties on solar panel imports.

Already facing a 30% tariff imposed by the US, solar panel exporters from Malaysia will now face a 25% import duty on shipments to India.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , solar , panels , India , China , Malaysia , imports , duties ,

   

Next In Business News

Conditions improving for offshore support vessels
Epicon exits PN17 category
Lotte Chemical remains cautious going forward
Westports registers 11% jump in 1Q earnings
UOA-REIT expects challenges
Ringgit rebounds to end higher against greenback
Bursa Malaysia ends firmer on bargain hunting
Pasukhas wins RM57mil data centre contract
Sunway potential FBM KLCI constituent stock
MABE focused on parent company

Others Also Read