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  #1  
May 2nd, 2016, 12:41 PM
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Role of ECGC in Export

Hello, I want to know the details of the role of the Export Credit Guarantee Corporation of India in export.
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  #2  
May 2nd, 2016, 12:42 PM
Super Moderator
 
Join Date: Mar 2012
Re: Role of ECGC in Export

Hello, here I am providing you the details of the role of the Export Credit Guarantee Corporation of India in export as under:

Export Credit Guarantee Corporation of India
The ECGC Limited (Formerly Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

Help in exports:
Offers insurance protection to exporters against payment risks
Provides guidance in export-related activities
Makes available information on different countries with its own credit ratings
Makes it easy to obtain export finance from banks/financial institutions
Assists exporters in recovering bad debt
Provides information on credit-worthiness of overseas buyers

Work of ECGC:
Provides a range of credit risk insurance covers to exporters against loss in export of goods and services as well.
Offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.
Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan and advances.

Notable Records
Largest Policy – short term Rs.450 crores
Largest database on buyers 8 lakhs
Largest credit limit Rs.80 Crores
Largest claim paid Rs.120 crores
Quickest claim paid 2 days
Highest compensation-Iraq Rs 788 Crores


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