WTO Rules Against India In Solar Dispute With US: Report |
Original Post: Money Control
The
World Trade Organization (WTO) has ruled against India in a
dispute with the United States over its solar power programme, Indian business
newspaper Mint reported on Wednesday. Mint quoted an unnamed official from the Indian
commerce ministry as saying the country planned to appeal the decision, made
after the United States complained about domestic content requirements in a
programme aimed at easing chronic energy shortages in India, Asia's
third-largest economy.
India has
said it expects peak power demand to double over the next five years from
around 140,000 megawatts today. To help meet that demand, India wants
100,000 MW of new capacity from solar panels, with at least 8,000 MW from
locally made cells. The newspaper said the WTO dispute settlement panel, in a
confidential report to New Delhi and Washington, found India violated
global trade rules by imposing local content requirements for solar cells and
solar modules, and also struck down incentive policies such as subsidies
provided for domestic solar companies to manufacture cells and solar modules.
The WTO typically circulates decisions on disputes to the parties before they
are made public
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