There is a strong two-way relationship between economic development and energy consumption. On one hand, growth of an economy, with its global competitiveness, hinges on the availability of cost-effective and environmentally benign energy sources, and on the other hand, the level of economic development has been observed to be reliant on energy demand.
India’s energy requirements have grown significantly since market reforms were initiated by the Government of India in the 1990s. Energy sector reforms, capacity addition and improvement in existing infrastructure are the government’s primary focus areas as energy is a key necessity for meeting the country’s high economic growth expectations.
India’s economy is embracing renewable energy at a rapid pace. The focus is on strengthening of distribution and transmission infrastructure, development of hydropower, conventional power, energy storage and atomic energy. Customer services enhancements such as enabling new connections, security deposits, bill payments, lodging of complaints and reconnections through digital platforms are critical to be future ready.
KPMG in India’s practices are organized around the understanding that no two industries are alike. In the case of energy, we maintain a strong industry focus that takes an advanced approach to service delivery using consistent and tested worldwide methodologies to deliver objectivity, valuable insights, and robust opinions of Tax and Advisory services to clients.
From our position as the professional service providers of choice to the some of the world’s largest energy and natural resources companies and domestic stalwarts, we are acutely attuned to leading practices throughout the industry and around the world. KPMG in India’s ENR practice strives to address the wide range of issues of companies across the energy value chain, in the defined sub sectors of Power and Utilities, Oil and Gas, Mining and Renewables.
Our professionals have the technical skills and industry-focused experience that can enable them to understand the issues energy companies face, along with vast experience with key government bodies.
In addition to this, with focus on our core approaches across strategic planning, operations improvement, transactions advisory and project planning , we seek to ensure that we are ever ready to address our clients’ primary concerns.