Chinese Solar Panels Dumping Causes Loss of 2 Lakh Jobs: Report

The loss of jobs came on the heels of disproportion in the trade patterns between India and China and a faulty implementation of interest safeguarding policies.

The Parliamentary Standing Committee on Commerce estimated loss of 2 lakh jobs in the country due to dumping of Chinese solar panels.

The loss of jobs came on the heels of disproportion in the trade patterns between India and China and a faulty implementation of interest safeguarding policies.

The panel advised the commerce department to wisely decide upon the implementations of the reports given by the Directorate General of Antidumping and Allied Duties (DGAD) about the use of Chinese Goods.

Excerpts of the report said, “Presently, the exports from India have been decimated and brought to a standstill. Immediate trade remedial measures need to be deployed to protect the domestic solar industry.

Uncertain dumping of the Chinese goods also caused unethical imports by the industry players.

“The anti-dumping framework also suffers with lax implementation. The unscrupulous elements are able to import the Chinese goods by circumventing the goods put under anti-dumping framework through misclassification of products,” the report said.

The parliamentary panel also reiterated India’s trade deficit with China in the report. The deficit was recorded around USD 63.12 billion in 2017-18 up from USD 51.11 billion in 2016-17.

“Nothing should be agreed to at the cost of our industrial health,” the panel said.

Source: PTI