Solar cells import rose to USD 3,447 million (around Rs 26,000 crore) during April-January 2021-22 as compared to USD 572 million in the previous financial year, Parliament was informed on Thursday. The imports were worth USD 1,684 million in 2019-20 and USD 2,160 million in 2018-19, New & Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha. During April-January 2021-22, the maximum import was from China at USD 3,117.78 million. In another reply, the minister stated that the government has set a target of installing 100 GW solar power capacity by December 2022 in the country. Against this, projects of 108.91 GW have either been commissioned or are in the pipeline. Total 50.78 GW of solar power capacity has been installed as on February 28, 2022. About 44 GW capacity is at various stages of implementation and 13.86 GW capacity is under bidding stage, the minister said.
Imports from China declined 7.2 per cent to USD 65.21 billion in 2020-21 from USD 70.31 billion in 2018-19, Parliament was informed on Friday
The import of toys, games, sports equipment from China is showing a declining trend
Commerce and Industry Minister Piyush Goyal expressed disappointment over certain auto companies continuing to import even those components which can be qualitatively manufactured in India.
Exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict.
The ongoing conflict between Ukraine and Russia is likely to have a bearing on the supply of thermal coal
While our import and export to the two warring nations have been hit adversely, there are some sectors which stand to gain
The West's attempt to bring Vladimir Putin to heel by weaponising everything from aircraft spares to finance will have much wider repercussions, writes T N Ninan
'Today, the world is looking at India as a manufacturing powerhouse,' Modi said while addressing DPIIT's webinar on 'Make in India for the World'
Prime Minister Narendra Modi on Thursday said Make in India is the need of the hour and appealed to the industry to reduce dependence on imports and boost domestic manufacturing
Geopolitical risks, hardening commodity prices may push it up more: Experts
India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities
Most countries have aligned their tariffs at the six-digit level.
India's exports to China have increased by 24 per cent to $21.54 billion during January-November 2021, while imports jumped to $78.88 billion in the same period
Consumption is expected to climb in India by as much as 17% over the next four years
India's imports of palm oils declined by 29.15 per cent to 5.44 lakh tonnes in December 2021, but the rise in shipments of RBD palmolein is threatening the survival of domestic refineries
As India doubles down on local manufacturing, the country's import tariffs in the electronics sector are still way higher than China, Vietnam and other economies
India must increase its ambition
He said the government is protecting the interest of the domestic toy industry
In absolute terms, purchase of valuables was just Rs 17,012 crore during the Q1, FY22