Union Cabinet announces, ECGC Investment of Rs 4,400 cr over 5 years

Union Cabinet announces, ECGC Investment of Rs 4,400 cr over 5 years

29th September 2021, Mumbai:

The government has given nod to today the capital infusion of Rs 4,400 crore to ECGC through five years. The Central government has additionally indicated to have approved the listing of state-owned Export Credit Guarantee Corporation (ECGC) through IPO on the stock exchange.

The underlying logic for going public clearly is to unlock the true value of the company, promote 'people's ownership' thereby create envy for public participation nudging retail investors to look at this financial asset class more sanguinely thus fuel Corporate Governance & accountability.

 

The Cabinet Committee on Economic Affairs was chaired by Prime Minister Narendra Modi which mandated the listing of Export Credit Guarantee Corporation (ECGC).

It is imperative to state that 'ECGC Limited' is a wholly-owned CPSE of the Government of India to improve the competitiveness of the MSMEs, SMBs, and technology to support the exports out of this sector which is the backbone of Indian exports providing Credit Risk Insurance and related services.

ECGC core motive thus is to hike its maximum liabilities to Rs 2.03 lakh crore from Rs 1 lakh crore by 2025-26 as a stated objective.

Export Credit Guarantee Corporation of India - Wikipedia

 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex