<p>"We are contemplating setting up of our offices in London, Dubai, Singapore or Hong Kong and Africa," Export Credit Guarantee Corporation of India (ECGC) Chairman and Managing Director A V Muralidharan told PTI here.<br />The Corporation has already applied to the government for permission to open the offices and is awaiting its approval, he said.<br />ECGC is an export promotion organisation and functions under the Commerce and Industry Ministry.<br />It provides a range of credit risk insurance covers to exporters against loss in export of goods and services.<br />The Corporation, which collected a premium of Rs 745 crore in the last financial year, is targeting to close this fiscal with an additional Rs 105 crore premium, he said.<br />"We are aiming to collect a premium of Rs 850 crore by this fiscal-end against Rs 745 crore collected during the previous fiscal," Muralidharan said.<br /><br />ECGC in the first six months has seen a growth of 12.5 per cent in its premium collection at Rs 390 crore, he said.<br />The Corporation in FY 09 settled claims amounting to Rs 450 crore, Muralidharan said.<br />ECGC also offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.<br />At present, the textile sector contributes 20 per cent to the Corporation's total premium collection, he said, adding that sectors like engineering goods and pharmaceuticals are also faring well.<br />Muralidharan further said that there are signs of revival in sectors such as auto, consumer goods and construction.</p>
<p>"We are contemplating setting up of our offices in London, Dubai, Singapore or Hong Kong and Africa," Export Credit Guarantee Corporation of India (ECGC) Chairman and Managing Director A V Muralidharan told PTI here.<br />The Corporation has already applied to the government for permission to open the offices and is awaiting its approval, he said.<br />ECGC is an export promotion organisation and functions under the Commerce and Industry Ministry.<br />It provides a range of credit risk insurance covers to exporters against loss in export of goods and services.<br />The Corporation, which collected a premium of Rs 745 crore in the last financial year, is targeting to close this fiscal with an additional Rs 105 crore premium, he said.<br />"We are aiming to collect a premium of Rs 850 crore by this fiscal-end against Rs 745 crore collected during the previous fiscal," Muralidharan said.<br /><br />ECGC in the first six months has seen a growth of 12.5 per cent in its premium collection at Rs 390 crore, he said.<br />The Corporation in FY 09 settled claims amounting to Rs 450 crore, Muralidharan said.<br />ECGC also offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.<br />At present, the textile sector contributes 20 per cent to the Corporation's total premium collection, he said, adding that sectors like engineering goods and pharmaceuticals are also faring well.<br />Muralidharan further said that there are signs of revival in sectors such as auto, consumer goods and construction.</p>