The Hindu Business Line : ECGC signs pact with Commerce Ministry

EXPORT Credit Guarantee Corporation of India Ltd (ECGC) has signed a memorandum of understanding (MOU) with the Ministry of Commerce and Industry for the year 2005-06.

According to a press release, under the MOU, ECGC has committed to conduct its business operations as per the level expected by the Ministry. The 24 performance indicators cover areas such as finance, productivity, ISO certification of 15 branches of ECGC, service delivery issues like claim settlements and buyer-wise approvals.

The MOU was signed by Mr P. K. Dash, Chairman and Managing Director of ECGC, and Mr S. N. Menon, Commerce Secretary.

ECGC is also expected to develop risk-rating models and make efforts towards the global benchmarking of its activities during the financial year 2005-06.

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