Explain the Objectives of ECGC

Hello sir my self Ranjeet, would you please explain the Objectives of Export Credit Guarantee Corporation of India (ECGC)?

[Kiran Chandar]

Export Credit Guarantee Corporation of India was founded in 30 July 1957 with an objective to provide insurance cover in respect of risks in export trade.

Objectives:

To encourage and facilitate globalization of India’s trade.

To assist Indian exporters in managing their credit risks by providing timely information on worthiness of the buyers, bankers and the countries.

To protect the Indian exporters against unforeseen losses, which may arise due to failure of the buyer, bank or problems faced by the country of the buyer by providing cost effective credit insurance covers in the form of Policy, Factoring and Investment Insurance Services comparable to similar covers available to exporters in other countries.

To facilitate availability of adequate bank finance to the Indian exporters by providing surety insurance covers for bankers at competitive rates.

To achieve improved performance in terms of profitability, financial and operational efficiency indicators and achieve optimum return on investment.

6. To develop world class expertise in credit insurance among employees and ensure continuous innovation and achieve the highest customer satisfaction by delivering top quality service.

To educate the customers by continuous publicity and effective marketing.

ECGC is a company wholly owned by the Government of India based in Mumbai, Maharashtra and it provides export credit insurance support to Indian exporters and this company is controlled by the Ministry of Commerce.

Address:
ECGC Ltd.
Express Towers,10th Floor, Nariman Point
Nariman Point
Mumbai, Maharashtra 400021

Map:
[MAP]ECGC Ltd Mumbai, Maharashtra[/MAP]

Board of Directors
Geetha Muralidhar
Chairman cum Managing Director

Directors - Government of India
Shri Arvind Mehta
Joint Secretary
Department of Commerce

Dr. Saurabh Garg
Joint Secretary (Investment)
Department of Economic Affairs,
Ministry of Finance,