-------------------------------------------------------------------------- | Add your name to the CLEAN GOA INITIATIVE | | | | by visiting this link and following the instructions therein | | | | http://shire.symonds.net/pipermail/goanet/2005-October/033926.html | -------------------------------------------------------------------------- http://news.webindia123.com/news/showdetails.asp?id=173475&n_date=20051126&cat=India
ECGC, GCCI keen to promote exports from Goa Panaji | November 26, 2005 2:33:09 PM IST The Export Credit Guarantee Corporation (ECGC) has expressed its desire to promote exports from Goa in association with the Goa Chamber of Commerce and Industry (GCCI). This was made clear in a seminar on 'ECGC's Role and Schemes for Exporters and Bankers' held at the GCCI's Convention Hall here yesterday, wherein many leading exporters and bankers had participated. Speaking on the occasion, ECGC Regional Manager (West) M Kumar said that the Corporation was very keen to promote exports from Goa by extending its export credit guarantee insurance support to exporters and bankers in the state. He said that in view of a small number of exporters and a modest value of exports (around Rs 2000 crore per annum) from Goa, the state was presently being serviced from its branch at Thane in the neighbouring Maharashtra, whose officers visit Goa at regular intervals. He said in view of a vast unexploited potential, the Corporation might consider establishing a small representative office in Goa in the near future provided it gets a reasonable business from the exporters. At present, Mr Kumar said, around 80 per cent of the bank finance from Goa is covered under ECGC Guarantee Schemes, while only 20 per cent of the exporters have availed of the policy covers. In order to extend its reach and presence in the state, ECGC has taken assistance of GCCI in creating awareness about the needs and benefits of the export credit insurance, and has placed its schemes literature with the GCCI for dissemination to exporters and bankers, he added. Lauding ECGC's efforts, GCCI Chairman (Tax Research Group) Sandip Bhandare assured his organisation's utmost cooperation with the former in their common endeavour for promotion of trade and exports in Goa. ECGC is an export promotion organisation under the Ministry of Commerce, Government of India. Its schemes serve a dual purpose for the exporters in protecting export payments and enhance their competitiveness. The schemes also help banks in extending liberal finance to them. UNI BM SSS AW1151 -- Cheers, Gabe Menezes. London, England