Question
Download Solution PDFWhere is the headquarter of Export Credit Guarantee Corporation of India (ECGC)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Mumbai
Key Points
- The headquarters of the Export Credit Guarantee Corporation of India (ECGC) is located in Mumbai.
- ECGC was established by the Government of India to promote exports by providing credit risk insurance and related services.
- Mumbai, being the financial capital of India, houses many significant financial institutions, including ECGC.
- The corporation plays a crucial role in supporting Indian exporters by offering them credit insurance covers and facilitating their access to international markets.
Additional Information
- The Export Credit Guarantee Corporation of India was established in 1957.
- ECGC provides a range of credit risk insurance covers to exporters against loss in export of goods and services.
- It also offers guarantees to banks and financial institutions to enable exporters to obtain better facilities from them.
- The services provided by ECGC help in boosting the confidence of Indian exporters and contribute to the growth of the export sector in India.
Last updated on Jun 7, 2025
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