No dumping duty could hurt solar cell makers

Shares of solar cell makers Indosolar and Websol Energy System may come under pressure as Commerce Minister Nirmala Sitharaman said the Government has dropped a proposal to impose anti-dumping duties on imports. The move could put domestic players under difficulty to compete with cheaper imports. In May, the then UPA Government had recommended anti-dumping duty on imports from the US, China, Taiwan and Malaysia.