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Economic, business and social sustainability An American alliance in the chemical industry? World labour laws at a glance Durga - India’s largest blast furnace; now operational Smart controls for cooling large multi-zone spaces ... ALL-two launches in a row Innovation that helped Chennai port BRICS development bank Chola MS launches motor app ISRO's 100th mission Rating of states to be released soon IFCI to raise NCDs upto Rs 2000 crore TCS’ revenues cross Rs 100,000 crore AirAsia India infuses funds to fight out competition Curbing steel imports will hurt small business... Backpack laboratory Industry-well poised to invest on expansion Research needs more funding Blue Star plans a new plant in south CUB: towards card-less withdrawal Auto test tracks launched at GARC Oragadam campus SumInfra- corridor based development... TOP 10 CEO Compensation Chennai will soon get its World Trade Centre WABCO’s second Chennai plant TN budget pragmatic and moderate on fiscal deficit Creating Tamil Nadu Banana brand Murugappa- a year of consolidation The new look- 4s Verna A global plastic event in India Celebration time at MS Chola Tata Steel commence operations at Kalinganagar Hyundai excites again On the ‘milky’ way Illicit markets a concern to growing economy LVB gears to become a financial supermarket Realty sector takes a break... People Flow Day- Safety Secured NCDs from Shriram City Ridley marathon to India Nigeria comes nearer Purdue and IIT-M sign the dotted line Chennai Port is at last decongested! Waste, a gold mine Scoot offers just Rs.13,500 to ANZ... Steel loses its sheen Strategy war escalates between Hero and Honda ALL – truck industry is recovering from degrowth Realising double digit growth in Tamil Nadu Business Briefs Investor friendly Japan Dynamic e-commerce scenario OBO Bettermann for better lightning protection Towards peace of mind Time to fast-pace the logistics sector STFC raises money Gem of social service... Veritas Finance- financing the unfinanced Bridging the skill deficit in pharma industry Applauding enterprise... More gensets and diesel engines from TAFE When Centre visits the state Holiday Inn opens in OMR Chennai Striking cords for 25 years… TVS Logistics – another acquisition to sharpen the business model Automotive Vision Plan II... Chennai to get a roundabout Metro TII’s single largest investment at Thiruthani Carrefour’s quick exit Focus on self-certification and third party inspection Inclusive and forward moving... Four daughters and a proud father Apple maps – finding its way European crisis is a global crisis! Flexible labour laws… Is Indian telecom industry heading for a monopoly? Celebrating 180 years of relevance Placing the right shoe forward... Indigo stays leader with 40 per cent share Brand leaders come forward... Techies trip to India Nothing to hide... Chola MS net crosses 100 crores Schwing Stetter India joins hands with US-based Gomaco An aerospace-defence cluster in Tamil Nadu… Business Breif TiE applauds innovative entrepreneurs Reality bytes ALL to launch electric busses ECGC expands operations Hero Motocorp - smooth ride Digital retail transactions stabilise at higher level… - Sun Edison launches solar pumps Big-ticket investments march towards Punjab Pharma market dozes Connecting the unconnected Downsizing spree... Economic issues take a back seat at G20 summit Housing Innovation Challenge, 2015 TII-challenging year with flat growth Need to focus on ease of doing business... Three more leather clusters… Airlines wage price war Adding Zest to Scooty Changing dynamics in human resource management Climate change may change the way businesses work... Make way for the new and dynamic railways Well-refined – RIL’s refinery margins zoom Indian Bank – global businesses crosses Rs 3 lakh crore...
 
ECGC expands operations

Opening its 57th branch at Chennai, ECGC Ltd’s Chairman and Managing Director, Geetha Muralidhar, pointed to the present time to be the best for expanding operations of the company. Providing cost-effective export credit insurance to exporters and banks, ECGC aims to promote export.

Started in 1957, it is the fifth largest credit insurer in the world and provides credit insurance to exporters, covering the risk on the overseas buyers and countries. ECGC serves around 11,000 exporters and 40 commercial banks. It has introduced a new scheme to facilitate MSME exporters with turnover less than Rs 1 crore. The risk value covered for 2014-15 was at Rs 280,190 crore with a maximum liability of Rs 80,000 crore.

With an income of Rs 1362 crore, ECGC works in close quarters with export promotion bodies and the government to realise the target of achieving $900 billion by 2020. A draft report has been prepared by PMA Hakeem, former Chairman and Managing Director, ECGC. The main recommendation of the report is for ECGC’s operations to bring down the premium rates. Muralidhar pointed to ECGC working on the recommendations to benefit the exporters. She pointed to ECGC’s operations coming around 9 per cent while there is a scope or incurring 35 per cent of the value of exports.

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