Mumbai, Maharashtra, India
Services Products - Services,
Public. Ltd. Firm Since 1957
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.
Credit Insurance Policies - SCR or Standard Policy, Turnover Policy, Small Exporters Policy, Small Exporters Policy, Specific Shipment Policy (Short term), Buyerwise Policy, Consignment Exports Policy, Buyer Exposure Policies, Software Projects Policy, IT - Enabled Services (Specific Customer) Policies, Services Policy, Construction Works Policy, Specific Policy for Supply Contract, Insurance cover for Buyer's Credit and Line of Credit. Maturity Factoring - Maturity Factoring. Guarantees to Banks - Packing Credit Guarantee, Export Production Finance Guarantee, Post-Shipment Credit Guarantee, Export Finance Guarantee, Export Performance Guarantee, Export Finance (Overseas Lending) Guarantee. Special Schemes - Transfer Guarantee, Overseas Investment Insurance, Exchange Fluctuations Risk Cover.
Express Towers, 10th Floor, Nariman Point
Mumbai - 400021 (Maharashtra) India