ECGC should provide liberal insurance cover to promote exports: FIEO

  • 10-Sep-2018
  • ECGC should provide liberal insurance cover to promote exports: FIEO

The Commerce Ministry should direct the Export Credit Guarantee Corporation (ECGC) to provide liberal insurance coverage to consignments with a view to promote overseas shipments, FIEO said. Federation of Indian Export Organisations (FIEO) President Ganesh Gupta said the claims made by exporters should be settled on time and not rejected outrightly.

"We have asked the Commerce Ministry to direct ECGC on this issue. Exporters are facing huge problem at this front. Proper insurance cover is important to boost the Country's exports. ECGC should work with exporters to address all the issues," he said.

Gupta said the liberal insurance cover for markets such as Africa and Latin America would help promote shipments in these regions.

In June, the Government approved capital infusion of Rs 2,000 crore to ECGC to enhance insurance coverage to micro, small and medium enterprises exports. Insurance coverage from the corporation will help improve competitive position of Indian exporters in international markets.

ECGC offers credit insurance schemes to exporters to protect them against losses due to non-payment of export dues by overseas buyers due to political and/or commercial risks.

India's exports grew 9.78 per cent to USD 302.84 billion in 2017-18.


Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2022 All Rights Reserved.