GJEPC conducted a webinar on ECGC on 27th May 2022. The webinar majorly focused on “Major Products and Services offered by ECGC and why ECGC is needed.
Understanding the importance of ECGC insurance for Gem & Jewellery Industry, eminent speakers from ECGC, Mrs. Arpita Sen, DGM, ECGC Nariman Point Branch along with Mr. Jai Minz & Mr. Abhijeet More of ECGC were invitedto brief the attendees.
Some of the topics covered during the discussion included:
1. Major Products and Services offered by ECGC and why ECGC is needed & What does ECGC do and how it can help our Exporters?
- Offers insurance protection to exporters against payment risks.
- Provides guidance in export-related activities.
- Provides information on different countries with its own credit ratings.
- Makes it easy to obtain export finance from banks/financial institutions.
- Assists exporters in recovering bad debts.
- Provides information on credit-worthiness of overseas buyers.
- Provides names and addresses of prospective buyers in the overseas markets.
2. Functions of Export Credit and Guarantee Corporation of India (ECGC).
- Standard policies which protect the exporters against overseas credit risks.
- Services and work policies.
- Financial guarantees.
- Special policies.
Webinar was a very interactive session which was attended by more than 80 participants.