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

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236