• Page Views 44

Local manufacturers want 10pc duty on imported solar modules

Local solar module producers have urged the government to protect local manufacturers by imposing a 10-percent duty on the import of foreign-made solar modules.
The local manufacturers also want the government to impose a reference value at US 50 Cents per watt-peak.

Solar Module Manufacturers of Bangladesh (SMMB), a newly launched trade body representing the local solar module manufacturing industries, came up with the suggestions in a letter to the National Board of Revenue (NBR) ahead of the national budget which the Finance Ministry is now preparing for fiscal 2017-18.

The SMMB has also sent a letter containing the same content to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), a copy of which UNB obtained.

Mentioning that currently there is no duty on the import of foreign solar panels or any module, the local manufacturers said this has opened up the door for low-quality foreign goods to enter the Bangladesh market which will ultimately destroy the growing local manufacturers.

Forwarding a 10-point argument in favour of their propositions to the NBR, the SMMB said 10 industries were set up locally who have been manufacturing solar modules in line with the government’s vision for a middle-income country where power generation from renewable energy was targeted at 3100 MW by 2021.

The SMMB said the local manufacturers are capable of supplying solar photovoltaic (PV) modules for annually 100-110 MW solar power generation.

But, it said, many foreign-made substandard solar panels and modules are entering the country’s market with zero-duty advantage and offer products at lower prices. But, they do not offer any warranty or guarantee for the products.
As a result, the consumers are being cheated with such low-quality products, the SMMB added.

On the other hand, it said, the local manufacturers offer 12-15 years’ of guarantee for their products.

According to the local manufacturers, the unchecked entrance of low-quality foreign solar panels are not only distorting the local market, but also creating a bad impact on the overall sector as people are losing confidence in the solar system-run green power generation.

“The local industry should get a priority in taxation policy based on the ethics that there should be a tariff gap between the locally-produced products and imported finished products,” SMMB president Munawar Moin told UNB.

He said government projects should have a preference to the locally-produced panels in their programmes so that the local industry can feel encouraged.

Mentioning the solar module manufacturing industry is lobour-intensive one which has already created huge jobs, he said the local solar module manufacturers are now exporting their products to at least 10 counties apart from meeting the local demand.

Source: Daily Sun, Dhaka, Bangladesh


Turkey votes in key constitutional referendum

Next Story »

Russian governor wants to recruit doctors from Bangladesh

Leave a comment


  • 7 dry fruits you should include in your diet to stay healthy

    3 weeks ago

    Rich in proteins, vitamins, minerals and dietary fibre, dry fruits make for a delicious and healthy snack. Health experts recommend eating dry ...

    Read More
  • Ramadan Calendar Sehri and Iftar Timing 2017 Bangladesh

    4 weeks ago

    Ramadan Calendar Sehri and Iftar Timing 2017 Bangladesh

    Read More
  • Healthy food habits for Ramadan

    1 month ago

    It is common knowledge that fasting has myriad health benefits. Besides increasing immunity, endurance, and the ability to face challenges, fasting contributes ...

    Read More
  • Summer tips for pregnant women

    2 months ago

    Body temperature of a pregnant woman always remains a bit higher than normal, so added external heat obviously makes her feel uncomfortable. ...

    Read More
  • Eating less salt does not necessarily lower your blood pressure

    2 months ago

    Eating less salt may not lower your blood pressure, a major new study has found contradicting the popular belief. Researchers from Boston ...

    Read More
  • How mobile apps have changed our lives

    2 months ago

    In this day and age, one thing that we all consider an indispensable part of our lives is smartphones. This device allows ...

    Read More
  • Deep sleep may act as fountain of youth in old age

    3 months ago

    Loss of sleep in the elderly may increase the risk of developing a wide range of mental and physical disorders such as ...

    Read More
  • Just 20 minutes of sleep can boost employees’ creativity

    3 months ago

    Does your boss nag and expect a lot from you? Here’s a solution to keep up to their expectations — take a ...

    Read More
  • Rooftop Gardening: Days of Babylon to our Current Life

    3 months ago

    Laila Karim The concept of ‘hanging gardens’ fascinated me from the second grade. It was a part of our first step of ...

    Read More
  • Exercise, walking may cut side-effects of chemotherapy

    4 months ago

    Walking or jogging either three times a week for 50 minutes or five times a week for 30 minutes may help patients ...

    Read More
  • Read