India may launch solar panels anti-dumping probe

India may launch an anti-dumping investigation against solar panels made in China, after the US and Europe launched similar probes, the Guangzhou Daily reported on Monday.

The Indian anti-dumping authority said that they have received an application from local companies, asking them to start investigating solar panels made in China, including Taiwan, Malaysia and in the US, the Guangzhou Daily said.

About 90 percent of the solar panels made in China are for export. Europe and the US are the major destinations.

The solar industry in China is struggling, due to sluggish demand and the previous anti-dumping probes.

Li Hui, a researcher with Essence Securities, said that if India decides to launch the anti-dumping probe, it will have a limited impact on Chinese companies because India is not a major market.