Coimbatore, June 5 Two Tamil Nadu-based companies — Anugraha Valve Castings Ltd located at Coimbatore and Tirupur-based CBC Fashions — have bagged the D&B-ECGC Indian Exporters Excellence Awards. The award is in recognition of their contribution – both in size and growth related to exports — to the Indian economy.
While Anugraha Valve categorised under medium scale in the engineering goods sector reported export revenue of Rs 107.84 crore, CBC Fashions classified as a small-scale unit under readymade garments sector accounted export revenue of Rs 14.47 crore.
The award event is said to be closely tied to D&B’s inaugural publication – ‘India’s Leading Exporters’ – from across 10 sectors in four revenue category. The study profiles 122 out of the 585 shortlisted companies.
The five parameters considered for awards include total export revenue, growth of export revenue, export revenue contribution to total turnover, net profit and turnover growth.
The President and CEO of Dun and Bradstreet (India), Dr Manoj Vaish, said, “exporters enhance the country’s visibility on the global economic platform and the world trade stage. The international market within which they operate has assumed new complexities and they face lots of challenge. We partner with ECGC to serve the Indian exporter community and support their endeavours.”
Cost effective insurance
Mr A.V. Muralidharan, Chairman and Managing Director, Export Credit Guarantee Corporation of India Ltd, said the corporation has a range of cost effective insurance covers both for exporters and banks.
Justifying ECGC’s leadership initiative to confer the awards on exporters, he said ECGC would offer a one-stop solution for the finance and insurance needs of exporters, including factor cover and credit insurance covers.
“We will start facilitating marine insurance covers soon. The corporation plans to launch another export credit insurance product to the SME exporters.
“Besides these, domestic credit insurance covers to protect the local sales receivables and credit insurance covers to banks to insure their working capital finance provided against such receivables are also proposed to be launched soon,” he said.