ECGC mulls overseas expansion

The Export Credit Guarantee Corporation of India (ECGC), is looking at expanding its operations in overseas markets and has identified four destinations to open its offices, a top company official said.

“We are contemplating setting up of our offices in London, Dubai, Singapore or Hong Kong and Africa,” ECGC Chairman and Managing Director A V Muralidharan said. The Corporation has already applied to the government for permission to open the offices and is awaiting its approval, he said. Muralidharan further said that there are signs of revival in sectors such as auto, consumer goods and construction.