(LiveMint & WSJ, New Delhi, 20 March 2013) The Export Credit Guarantee Corporation of India Ltd. (ECGC) will open its first overseas office in London to help Indian exporters recover payments from defaulters… Since 23% of ECGC’s business is in Europe, the agency will operate from London, said N. Shankar, chairman and managing director. “It’s not a branch but a full-fledged office. It will focus on buyer underwriting, getting information on buyers in Europe and other places and helping in recovery of loans,” Shankar said.
