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To promote Indian exports to Africa, ECGC will be investing $10 million to pick up about 5 per cent stake in the African Trade Insurance Agency (ATI)
“We are investing in ATI. It is a multilateral agency with 14 African members...India is the first non-African shareholder in ATI. This (investment) leads us to a board-level position on ATI, which means we can at least influence their policy making/strategies. So, we are very gung-ho about promoting Indo-African trade,” said Geetha Muralidhar, Chairman and Managing Director, ECGC.
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