Solar power: US gives India time till year-end to scrap local sourcing rules

“This means that all contracts for solar power production entered into with power producers after December 14 under the Jawaharlal Nehru National Solar Mission (JNNSM) should not include compulsory domestic sourcing norms which the World Trade Organisation has ruled against,” a government official told BusinessLine.

Washington decided to give New Delhi up to 14 months to change its rules and bring them in conformity with the Dispute Settlement Body’s (DSB) recommendations following intense consultations between the two countries on the reasonable period of time for implementation of the WTO verdict against India’s local sourcing norms.

The usual implementation period at the WTO (decided by the complainant) is between 12 months and 15 months, but sometimes it could be lesser.

Continue Reading…

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*