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  • Aug 19, 2014
  • Fate of solar projects hangs in balance; anti-dumping duty may hold key

    Sharad Saluja, 30-year-old director of the Rs 1,700 crore New Delhi-based Sterling Agro Industries, better known for its dairy brand Nova, belongs to a generation of entrepreneurs that is willing to risk diversifying into the renewable energy business. He has installed 50 MW of wind power projects and his plans to venture into solar energy will depend on a government decision expected later this week.
    Saluja is waiting for August 22, when the ministry of finance is expected to take a final call on whether to levy anti-dumping duty on solar cells imported from China, Malaysia and Taiwan, before he considers bidding for projects in different states.

    Source - http://economictimes.indiatimes.com