WTC Jaipur and ECGC Limited came together to share trade facilitation measures of World Trade Centre Jaipur and Export Credit Guarantee Corporation of India Limited, Jaipur with the participants at the Management Development Program on Export Documentation and Procedure organized at MSME – DI on 14th February 2020.
Addressing the participants Mr. Sanjeet Kumar, Manager, ECGC Jaipur informed the role of Export Credit Guarantee Corporation of India Limited (ECGC) to provide export credit insurance support to Indian exporters. As an exporter, it is essential to get export credit insurance for a variety of reasons. With a credit insurance policy, exporter need not worry about the due recovery of sales revenue. Credit insurance saves the time spend on credit risk management and valuation, freeing to focus on business expansion and growth. Credit insurance also enables to be flexible with credit period and credit line. Giving buyers greater flexibility with credit has motivated new buyers to do business with and existing buyers to buy more from Thus, export credit has helped to increase the sales, said Mr.Kumar.
On MSME support Mr. Kumar said “ECGC also provides services like export factoring facilities for MSMEs, insurance cover for buyer’s credit and line of credit, overseas investment insurance, customer-specific covers, and the setting up of a national export insurance account to facilitate medium- and long-term exports.”
Mr. Navneet Agarwal – Asst. Director, WTC Jaipur shared with the participants information on trade education, trade promotion and exhibition facilities of WTC that are extended to MSME manufacturers and exporters across all sectors in Rajasthan on a consistent basis since its inception through their Jaipur office and Mumbai headquarters.
Vote of thanks was proposed by Mr. Dinesh Soni, Assistant Director-MSME Jaipur
In the pic (left to right): Mr. Sanjeet Kumar, Manager, ECGC Jaipur with Mr. Navneet Agarwal – Asst. Director, WTC Jaipur