Hi I would like to have the information about ECGC Limited as well as the details about its activities for exporters and role played in export credit insurance?

The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is an organization entirely claimed by the Government of India situated in Mumbai, Maharashtra.[1] It gives trade credit protection support to Indian exporters and is controlled by the Ministry of Commerce. Legislature of India had at first set up Export Risks Insurance Corporation (ERIC) in July 1957. It was changed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.

What does ECGC do?

Gives a scope of credit hazard protection spreads to exporters against misfortune in fare of products and enterprises too.

Offers certifications to banks and monetary foundations to empower exporters to get better offices from them.

Gives Overseas Investment Insurance to Indian organizations putting resources into joint ventures abroad as value or advance and advances

How does ECGC help exporters?

Offers protection security to exporters against installment dangers

Gives direction in fare related exercises

Makes accessible data on various nations with its own particular FICO scores

Makes it simple to acquire send out fund from banks/money related foundations

Helps exporters in recouping terrible obligation

Gives data using a loan value of abroad purchasers

Requirement for Export Credit Insurance

Installments for fares are interested in dangers even under the most favorable circumstances. The dangers have expected vast extents today because of the expansive political and financial changes that are clearing the world. A flare-up of war or common war may square or defer installment for merchandise sent out. An upset or a revolt may likewise achieve a similar outcome. Financial troubles or adjust of installment issues may lead a nation to force limitations on either import of specific products or on exchange of installments for merchandise imported.

Send out credit protection is intended to shield exporters from the results of the installment dangers, both political and business, and to empower them to grow their abroad business without dread of misfortune.

Collaboration concurrence with MIGA (Multilateral Investment Guarantee Agency) an arm of World Bank. MIGA gives:

1. Political insurance for foreign investment in developing countries.
2. Technical assistance to improve investment climate.
3. Dispute mediation service.
4. It helps the exporter

Role of ECGC in the Service of Export Industry

Attached Files

Role of ECGC in the Service of Export Industry.pdf (596.2 KB, 156 views)