Indian exporters meet

(Hindustan TimesĀ  Ludhiana, 5 September 2014) The Federation of Indian Export Organisations (FIEO), Punjab Chapter, in association with Export Credit Guarantee Corporation Limited (ECGC) organised an exporter's meet here on Friday. SC Ralhan, regional chairman (north), FIEO, apprised the participants of the growing need of ECGC credit insurance cover keeping in view the unstable business conditions, including economic and political upheavals, in some parts of the world. He said they had an export target of 350 billion dollars in this fiscal year as set by the ministry of commerce and industry. He said bad payments or default in export payment receipts was a major hurdle and a global problem and more than 20 percent of the exporters in the country were facing this problem. He urged the ECGC officials to take up the insurance claims of genuine exporters in the country on priority basis.