Fri, Oct 21, 2016 | updated 10:09 PM IST

FICCI and EYEON Group join hands to provide industry assessment on India's energy sector

Updated: Aug 08, 2016 16:07 IST

New Delhi, Aug.8 (ANI): FICCI and EYEON are undertaking a joint exercise in the assessment and promotion of India's energy sector under a Memorandum of Understanding (MoU) signed in New Delhi.

The MoU provides the framework for FICCI and EYEON's cooperation on the production of valuable and innovative content covering India's energy sector, and on the organization of key events providing relevant business information to local and international investors.

FICCI and EYEON will be conducting a new market survey from August through September to gather the industry's feedback on the attractiveness of the country's energy sector, especially as it relates to investors' sentiments on new sector regulations and initiatives. The results will be released by the end of the September, and will be used to inspire sector reforms.

"India's energy sector is seeing profound transformations since the past two years and key challenges remain to be overcome to ensure the development of a robust industry, including restructuring the distribution sector, developing domestic content, ensuring grid integration, securing financing for India's expanding renewable energy sector, and revitalising the country's wind and hydro sectors. It is now time to take a closer look at these challenges and opportunities and assess the industry sentiment on the same. In that regard, EYEON is honoured to have FICCI as an industry partner to jointly look at the evolutions of the industry," Mickael Vogel, Regional Director at EYE ON, said.

FICCI is excited to partner with EYEON on this journey to track the opportunities and challenges in India's energy sector taking Industry's feedback through targeted surveys and roundtables. Energy is the key to India's growth ambitions and as the energy markets are moving forward, the sector's learning curve is incredible.

EYEON's Managing Director, Asli Konyali, called the MoU an exciting development that will allow EYE ON to support the local industry in its efforts of conveying the investment potential and strength of India's energy's industry worldwide. (ANI)