Investors also communicated a mistrust and wariness in EE technology. Through this MoU, HSBC commits to work in collaboration with the Indian government on the former Energy Efficiency Financing Platform (EEFP) to promote EE projects through the development of "risk-sharing strategies" as well as "capacity up-gradation of financial institutions" (news release announcing the signature of the MoU in March 2010). Although it is of course too early to gauge the effects of this initiative, it is a significant step in the right direction.