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The American Empire in a Changing World



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Monday, March 26, 2012

''Cheap Chinese tools killing Indian firms''

From First Post

"The country’s new energy companies were being “crushed” due to the dramatic slashing of prices of solar equipment by Chinese industry and the government will have to adopt regulatory measures to safeguard Indian interests, Union Minister Farooq Abdullah said in New Delhi today.

Addressing a meeting on new energy, the Union Minister for New and Renewable Energy said, “The price of these panels has come down basically from China. Our own industry is suffering because these Chinese are bringing the prices of their panels down so dramatically to crush our industry."

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