ECGC OF INDIA LIMITED Mumbai (India)

Business overview

Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit. Being essentially an export promotion organisation, it functions under the administrative control of the Ministry of Commerce, Government of India. It is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking, insurance and exporting community. ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports. The present paid-up capital of the company is Rs.500 crores and authorised capital Rs. 1000 crores. The paid-up capital is expected to be enhanced to Rs.800 crores. Payments for exports are open to risks even at the best of times. The risks have assumed large proportions today due to the far-reaching political and economic changes that are sweeping the world. An outbreak of war or civil war may block or delay payment for goods exported. A coup or an insurrection may also bring about the same result. Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. In addition, the exporters have to face commercial risks of insolvency or protracted default of buyers. The commercial risks of a foreign buyer going bankrupt or losing his capacity to pay are aggravated due to the political and economic uncertainities. Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss.



Industry Insurance and Financial Services
Business Type Service Provider
Establishment Year 1957
Firm Type Public Ltd.
Expand Level International

Products & Services

We are service providers of Insurance and financial services such as:-

Customer Specific Covers
Overseas Investment Insurance
Transfer Guarantee TG
Lines of Credit Cover
Buyer s Credit Cover
ECIB Cash Flow Deficit Financing
Export Finance Overseas Lending EF OL
Export Performance EP
Individual Post Shipment INPS
Individual Packing Credit INPC
Export Finance EF
Whole Turnover Post Shipment WTPS
ECIB INPS Excluding Cover for Shipments Made Against LC
ECIB INPS Not Holding Standard Policy
ECIB INPS Without Any Exclusion
ECIB INPS With Exclusion
Branch Wise Packing Credit BIPC
Whole Turnover Packing Credit WTPC
Letter of Credit confirmation Cover
Specific Services Policy SRC
Specific Shipment Policy SSP
Specific Policy for Supply Contract
Construction Works Policy CWP
Software Project Policy SPP
Small And Medium Enterprise SME
IT Enabled Services Policy Single Customer SITES
Buyer Exposure Policy SBEP
Consignment Exports Policy Stockholding Agent CSA
Exports Specific Buyers Policy BWP
Export Turnover Policy ETP
Services Policy SRC
Small Exporters Policy SEP
Shipments Comprehensive Risks Policy SCR
Exchange Fluctuation Risk Cover
Transfer Guarantee
Export Finance (Overseas Lending) Guarantee
Export Performance Guarantee
Export Finance Guarantee
Post-Shipment Credit Guarantee
Export Production Finance Guarantee
Packing Credit Guarantee
Maturity Factoring
Insurance Cover For Buyers
Specific Policy For Supply Contracts
IT-enabled Services (specific customer) Policy
Software Project Policy
Services Policy
Consignment Exports Policy
Buyer Exposure Policies
Export Turnover Policy
Export ( Specific Buyer ) Policy
Specific Shipments (commercial and political risks) Policy
Small Exporters Policy
SCR or Standard Policy

Product Catalogue (57)

Contact Details

ECGC OF INDIA LIMITED

Express Towers, 10th Floor, Nariman Point
Mumbai, 400021 (Maharashtra) - (India)



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