India to buy time to implement WTO decision

India to buy time to implement WTO decision
29/09/2016 , by , in ALLIED

India’s negotiating skills at the multilateral trade body WTO will be put to test as it tries to buy time for implementing the recent verdict against local content requirement in the Jawaharlal Nehru National Solar Mission.

With the appellate body of the World Trade Organisation ruling in favour of the US, which had complained against the compulsory domestic sourcing of solar panels and modules for power producers under the JNNSM, India has been left with little option but to re-strategise its policy.

New Delhi hopes that a longer time-frame will allow it to continue with the provisions of the on-going second phase of the mission, likely to end sometime next year, without removing the domestic content requirement norms, a government official said.

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