Mumbai, 23rd January 2024: Socomec, a pioneering global leader in innovative power management solutions, proudly announces the appointment of Devesh Singhania, a seasoned financial expert serving as CFO India Region & APAC Industry Controller, as the Vice Chairperson of the Indo-French Chamber of Commerce & Industry (IFCCI) CFO Committee, effective immediately.
Singhania brings a wealth of expertise accrued from his distinguished career in managing finance functions within the electrical and energy sector. With over 20 years of experience marked by leadership roles across diverse geographies, his appointment signifies a pivotal step in leveraging financial acumen to foster stronger Indo-French economic ties.
Commenting on this Ms. Payal S. Kanwar, Director General at IFCCI, said, “We extend a warm welcome to Mr. Devesh Singhania‘s appointment as the Vice Chairperson of the IFCCI CFO Committee which is a group of 50+ CFO of French and India companies from varied sectors. IFCCI Committees are a great platform to share and exchange knowledge through diverse formats of events and advocacy. We are confident that Devesh’s extensive experience and profound industry knowledge will undoubtedly elevate the discourse and strategies within the CFO committee.”
In assuming this role, Singhania expressed his eagerness to leverage Socomec’s legacy and expertise in power management solutions to further augment the economic relationship between India and France. “I am honored to join IFCCI in this capacity,” he remarked. “My tenure at Socomec has equipped me with insights into intricate financial structures within the energy sector. I am enthusiastic about contributing to bridging financial synergies between our two nations.”
Socomec reaffirms its commitment to promoting bilateral cooperation between India and France through such strategic alliances. Singhania’s leadership reflects Socomec’s dedication to fostering innovation-driven, sustainable solutions for the evolving energy landscape.
About IFCCI:
The Indo-French Chamber of Commerce & Industry (IFCCI) launched its committees in 2018. The Committees provide a platform to its members giving access to sector-specific information, networking opportunities and exchange of business ideas. Currently, there are 13 sectoral & functional committees and 4 Working Clubs, exclusive to its members only.
IFCCI creates a favorable business environment by advocating for policies that support the interests of French companies operating in India. Chambers offers valuable resources such as market research reports, legal guidance, and industry-specific insights to help French companies navigate the Indian business landscape.
Apart from organizing trade missions and exhibitions to facilitate business exchanges between the two countries, they support their members with training programs and workshops covering various topics such as cross-cultural communication, local business practices, and regulatory compliance. Chambers foster collaboration between French and Indian companies through initiatives like joint ventures, partnerships, and technology transfers, actively facilitating connections between businesses in both countries.
