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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read