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Date: 25/04/2025

US tariffs on SE Asian solar imports may boost Indian exports

The prohibitive tariffs imposed by the US on solar imports from Cambodia, Vietnam, Malaysia and Thailand may open new opportunities for Indian solar manufacturers to expand their businesses. With the latest imposition of tariff on four Southeast Asian countries, the US is expected to turn to the Indian market, among other sources, for a reliable and competitive alternative for its clean energy components. The evolving global trade dynamics in the solar sector have reshaped international supply chains and created new growth avenues for Indian solar manufacturers. The industry can expect a significant uptick in export volumes over the next few years, particularly to markets in North America, Europe, and MENA (Middle East and North Africa). The US has emerged as a key market for Indian solar PV products, accounting for 97% of its overseas shipments in both FY23 and FY24, as per a report.
Source: Exim News Service: New Delhi, April 24



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