Dear Members,
It was heartening to see the Government of India take a strong stand on Climate Change
in spite of the announcement by the United States of America that it would pull out of the
United Nations Framework on Climate Change (UNFCC). Our country has well and truly arrived
as a Global Leader in taking serious steps to combat the hazards posed by Climate Change.
India now ranks on par with its European counterparts in setting standards on reducing
carbon emissions. We must complement the efforts of the Government of India by being
economical in our power consumption and reducing our carbon footprint at the household and
individual level.
The market for Energy Efficiency products and services picked up some momentum during
fiscal 2017, as compared to previous years. This was largely due to the increased spending
of some forward looking State Governments with their result focused projects. As a
company, we made a beginning in the LED retrofitting market by implementing a 6,200
luminaries project in one Nagar Palika in Gujarat. We hope to implement more such projects
in the coming years.
As the Indian Economy moves towards being more transparent and tax efficient, the
business ecosystem is also undergoing a change for the better. As someone who has had a
ringside view of the Public Private Partnership business model and its evolution, I am now
reasonably confident that the model has sufficiently matured and that private companies
such as ours will benefit from the Good Governance models being put in place.
As per my annual practice, I would like to wish all members and EENDIANS (Energy
Efficient Indians) all the very best for the coming festival season.
Enjoy Responsibly. Save Power. Save the Earth.
Yours in Energy Efficiency
Nikhil Morsawala
Chairman