IICA organises colloquium on Cross Sectoral Collaboration: The Imperative for Regulatory Convergence for FOIR Central sector regulators
The Forum of
India Regulators (FOIR) Centre at Indian Institute of Corporate Affairs (IICA)
concluded a colloquium for the Central sector regulators on the theme "Cross-Sectoral Collaboration: The
Imperative for Regulatory Convergence." The colloquium, held
on August 1-2, 2023 at Agra brought together esteemed Chairpersons and Members
of FOIR member bodies fostering meaningful and effective conversations about
the potential for convergence in regulatory efforts. The event focused on
sector-specific discussions among Central sector regulators, aiming to address
the complex interdependencies and interconnectedness between different sectors.
BS Bhullar
(Chairperson, Airports Economic Regulatory Authority & Honorary Chairman,
FOIR) appreciated the efforts of FOIR and acknowledged the significant
contribution of the IICA as a knowledge partner. He highlighted the pivotal
role of performance standards in ensuring healthy competition in the Indian
scenario.
Dr PD Vaghela (Chairperson,
Telecom Regulatory Authority of India & Honorary Vice-Chairman, FOIR) set
an enthusiastic tone for the session by emphasising the need for a
collaborative approach to address technological advancements and changing
times. He suggested various ways of collaboration, including infrastructure
co-creation and co-sharing, collaborative regulation, and cooperation at the
national and international levels.
Jishnu Barua (Chairperson, Central Electricity Regulatory
Commission & Honorary Vice-Chairman, FOIR) highlighted the importance and
relevance of several measures in the electricity sector to ensure fair
competition and protect consumer interests, such as Open Access, Power Purchase
Agreements (PPAs) and Competitive Bidding.
Anjani Kumar
Tiwari (Member, Petroleum
& Natural Gas Regulatory Board) provided valuable insights into core
aspects of Environmental and Social Impact Assessment (ESIA) and methods of its
implementation to mitigate adverse environmental and social impacts.
Prof (Dr) Naveen
Sirohi (Director, FOIR Centre
and Founding Head, School of Finance at IICA) moderated the interaction and
delivered the valedictory address, emphasising the critical importance of
collaborative efforts and regulatory convergence in our ever-evolving
regulatory landscape.
Through knowledge exchange and sharing of experiences,
the chairpersons and members gained a deeper understanding of intricate issues,
paving the way for more impactful regulatory strategies towards convergence.
The regulatory panel unanimously agreed on the need for fostering collaboration
and cooperation to address common challenges, sharing best practices, and
enhancing the effectiveness of regulatory frameworks in India. The colloquium
for the Central sector regulators of FOIR member bodies concluded with renewed
enthusiasm and a commitment to continuous collaboration in shaping the future
of India's regulatory landscape.
FOIR Centre, IICA
The FOIR Centre at IICA provides capacity building,
education, research and advocacy support to FOIR Secretariat for academic
upgradation and intellectual development for members and officials of FOIR
member organisations.