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Reluctance of ECGC to issue fresh insurance cover will have impact on exports and execution of projects: PHD Chamber

Reluctance of ECGC to issue fresh insurance cover will have impact on exports and execution of projects: PHD Chamber

by AIP Online Bureau | Dec 9, 2022 | Indian News, Non-Life

“ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,”said PHDCCI President, Saket Dalmia New Delhi: A number of...
ECGC IPO likely to hit market in fourth quarter of FY23: CMD

ECGC IPO likely to hit market in fourth quarter of FY23: CMD

by AIP Online Bureau | Jul 26, 2022 | Indian News, Non-Life

M Senthilnathan, CMD,ECGC ”The initial review of ECGC has been done by DIPAM and the next direction is expected from them. Initially, we were told that the listing will happen somewhere around the last quarter of the current financial year. So, I think they will...

Russia-Ukraine war: ECGC withdraws coverage for shipments to Russia

by AIP Online Bureau | Feb 27, 2022 | Eco/Invest/Demography, Indian News, Policy, Risk Management

Amid the ongoing conflict between Russia and Ukraine, ECGC in a communication said ”based on the near-term commercial outlook, it has been decided to modify the country risk classification of Russia under the short-term and medium-and-long term with effect from...

With IPO and capital infusion ECGC to double its covers to 25,000 exporters, to support additional exports of Rs 5.28 trillion

by AIP Online Bureau | Sep 30, 2021 | Indian News, Non-Life, Policy

  Mumbai, Sept 30: The government's decision to infuse Rs 4,400 crore in state-owned credit insurance provider ECGC Ltd and its listing through an initial public offering, expected in next 18 months, will increase the company's underwriting capacity...
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