The Export Credit Guarantee Corporation of India has been set up by the national government and provides banks and exporters in the country several export credit insurance programs.
It is controlled administratively by the Ministry of Commerce & Industry and its management is the responsibility of a Board of Directors that is made up of representatives from the banking, export, and insurance industries in India apart from the national government and the Reserve Bank of India.
Since its inception the organization has come up with several export credit risk insurance programs that are at par with the requirements of commercial banks and exporters in India as well as with the similar products offered in the international markets.
At present, with regards to coverage for national exports, Export Credit Guarantee Corporation occupies the seventh spot in the world. Its authorized capital is INR 1000 crores and its paid up capital is INR 900 crores.
The organization was incorporated on July 30, 1957 as the Export Risk Insurance Corporation and got its present name in 1983.
It has been awarded with the First Prize for exceptional execution of Rajbhasha for 2011-12 by the Mumbai Town Official Language Implementation Committee
Export Credit Guarantee Corporation of India Offices
Following are the locations where the Export Credit Guarantee Corporation has its regional offices:
- New Delhi
- Chennai
- Kolkata
- Bengaluru
- Mumbai
The branch offices of Export Credit Guarantee Corporation are divided into five zones:
- Eastern Region
- Southern Region II
- Northern Region
- Western Region
- Southern Region I
There are 5 offices in the Eastern Region in cities like Guwahati and Bhubaneshwar apart from Kolkata. In the Northern Region the organization has an office in every major city such as Agra, Chandigarh and New Delhi.
The Southern Region I covers cities like Chennai, Coimbatore, and Karur. In Southern Region II some of the main offices are Bangalore, Guntur, and Hyderabad.
Most of the offices in the Western Region are in Mumbai. Apart from that there are offices in leading cities like Ahmedabad and Indore.
Export Credit Guarantee Corporation of India Products and Services
The products and services of the Export Credit Guarantee Corporation are available under three heads:
- Export Credit Insurance for Exporter
- Special Schemes
- Export Credit Insurance for Banks
They may be further explained as below:
Export Credit Insurance for Exporter
Short Term - (ECIE-ST)
- Turnover Based
- Shipment Comprehensive Risk Policy (SCR)
- Export Turnover Policy (ETP)
- Small Exporter Policy (SEC)
- Export Specific Buyer Policy (BWP)
- Specific Shipment Policy (SSP)
- Consignment Exports Policy (CEP)
- Services Policy (SRC)
- Exposure Based
- Buyer Exposure Policy (BEP)
- Small & Medium Enterprise (SME)
- IT-Enabled Services Policy (ITES)
- Software Project Policy (SPP)
Medium and Long Term (ECIE-MLT)
- Construction Works Policy - (CWP)
- Specific Services Policy - (SRC)
- Specific Policy for Supply Contract
- Specific Services Contract Policy - (SCP)
- Specific Shipment Policy - (SSP)
- Letter of Credit Confirmation Cover
Export Credit Insurance for Banks
Short Term (ECIB-ST)
- Pre Shipment (PC)
- Individual Packing Credit - (INPC)
- Whole Turnover Packing Credit - (WTPC)
- Branch Wise Packing Credit - (BIPC)
- Post Shipment (PS)
- Individual Post Shipment - (INPS)
- ECIB_INPS (With Exclusion)
- ECIB_INPS (Not Holding Standard Policy)
- ECIB_INPS (Without Exclusion)
- ECIB_INPS (Excluding Cover for Shipments Made Against LC)
- Export Finance (EF)
- Whole Turnover Post Shipment - (WTPS)
- Export Performance (EP)
- Individual Export Performance (IN-EP)
- Individual Export Performance (ECIB-EPAP)
- Individual Export Performance (ECIB-EPLC)
2. Whole Turnover Export Performance (WT-EP)
Medium and Long Term (ECIB-MLT)
- Individual Packing Credit - (INPC)
- Export Finance [Overseas Lending] (EF-OL)
- Individual Post Shipment - (INPS)
- ECIB_Cash Flow Deficit Financing
- Export Performance (EP)
Special Schemes
- Buyer's Credit Cover
- Overseas Investment Insurance
- Lines of Credit Cover
- Customer Specific Covers
- Transfer Guarantee (TG)
Export Credit Guarantee Corporation of India Ltd Dividend Information
For the 2011-12 fiscal the Board of Directors at the Export Credit Guarantee Corporation have declared a final dividend of 3 rupees for each equity share. This is applicable for all the 9 crore equity shares that are worth INR 100 each.
It is expected that the total dividend combined with the dividend distribution tax will be equivalent to INR 62.76 crores and the payout ratio will be 27.87% of the net profit.
Export Credit Guarantee Corporation of India Ltd News
The Export Credit Guarantee Corporation has inaugurated the Faridabad branch on August 3 in order to provide more effective services for the banks and exporters in the city. This move is also expected to foster exports in the National Capital Region.
Export Credit Guarantee Corporation of India Ltd Contact Details
Following are the contact details of the Export Credit Guarantee Corporation of India headquarters:
Head Office
Express Towers, 10th Floor
Nariman Point,
Mumbai-400 021
Telephone number-(022)6659 0500-0510
Fax-(022)6659 0517/0546
E-mail address-webmaster@ecgc.in
National Marketing Division
Dalamal House,
2nd Floor, West Wing, J.B Marg,
Nariman Point,
Mumbai-400 021
Telephone number-(022)6613 8400/8426
Fax-(022)6613 8420
E-mail address-marketing@ecgc.in
