Export Credit Guarantee Corporation of India (ECGC), India's number one credit risk insurer and world's fifth largest credit insurer in terms of national export coverage has formally reinforced its presence in the factoring business with the in-house division all set to take form as business branch shortly.
Commenting on the launch Dr Christy Fernandes, chairman and managing director of ECGC says: "Indian exports contribute to around 14% of total GDP currently, of which, merchandise exports in the preceding four years has increased by over 23%. Despite...
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