Export Credit Guarantee Corporation of India (ECGC)

The Export Credit Guarantee Corporation of India (ECGC) is one of the most significant proponents of exports in the country. Being established in 1957, its main function was to promote Indian business ventures overseas. As a result, ECGC provides export credit insurance among a variety of other services to enable Indian exports.

In this way, ECGC helps mitigate risks and encourages export promotion in the country. It’s an integral component to the country’s export ecosystem.

Key Takeaways

• ECGC is a governmental organization that acts as an export credit agency to help Indian exporters.
• ?ECGC provides services of export credit insurance and undertakes such activities in order to reduce risks and promote growth in exports.?
• The ECGC was instituted in 1957 with the aim of fostering and assisting the external trade of India. The corporation is an important component of the Indian export system.?
• The services rendered by ECGC are intended to help Indian exporters grow their businesses overseas.

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