President of India Inaugurates Diamond Jubilee Celebrations of ECGC

Posted on:10 Nov 2016 09:24:31

President of India Inaugurates Diamond Jubilee Celebrations of ECGC
10 November 2016 Current Affairs GK: President of India Inaugurates Diamond Jubilee Celebrations of ECGC 

The President of India, Shri Pranab Mukherjee inaugurated the Diamond Jubilee Celebrations of Export Credit Guarantee Corporation of India Limited (ECGC) today (November 9, 2016) in New Delhi.

The President said that a robust, vibrant and well-functioning ECGC can be an enabler for putting the country back on a high export growth path. It is necessary that all stakeholders in the ECGC provide the necessary leadership and direction for it to move forward.

ECGC Limited : The ECGC Limited is a company wholly owned by the Government of India based in Mumbai, Maharashtra. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce. Government of India had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.

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