ECGC: What it is & how it is beneficial in exports and imports of Indian Manufacturing & trading companies:--

ECGC (Export Credit Guarantee Corporation of India) is a government-owned company that provides export credit insurance support to Indian exporters. The main functions of ECGC are:

1. *Export Credit Insurance*: Provides insurance coverage to exporters against non-payment risks by foreign buyers.

2. *Buyer Credit Insurance*: Covers risks associated with buyer credit, ensuring payment for Indian exporters.

3. *Supplier Credit Insurance*: Protects suppliers against non-payment risks when providing credit to foreign buyers.

4. *Overseas Investment Insurance*: Covers Indian investors against political and non-commercial risks in foreign countries.

5. *Project Export Finance*: Supports Indian companies participating in overseas projects by providing financing and risk coverage.

6. *Credit Rating*: Assigns credit ratings to foreign buyers, helping Indian exporters assess creditworthiness.

7. *Country Risk Assessment*: Evaluates country-specific risks, enabling Indian exporters to make informed decisions.

8. *Reinsurance*: Provides reinsurance support to Indian insurance companies, strengthening their export credit insurance offerings.

9. *Capacity Building*: Offers training and capacity-building programs for Indian exporters and banks.

10. *Research and Development*: Conducts research and analysis on global trade trends, supporting Indian exporters with market insights.

ECGC's functions aim to promote Indian exports, mitigate risks, and enhance competitiveness in the global market.