12-28-2009, 11:03 PM
It is a company wholly owned by the Government of India. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee of India in 1983.
# 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 debts
# Provides information on credit-worthiness of overseas buyers.
# 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 debts
# Provides information on credit-worthiness of overseas buyers.