India's ECGC mulls credit insurance for Indian companies' foreign subsidiaries

(Business Standard, Mumbai, 1 August 2016) Indian ECA ECGC is likely to introduce credit insurance cover for the overseas-based subsidiaries of Indian companies, a top company official said here today. Under the proposed scheme, which is likely to be launched within a month's time, ECGC will provide cover to 85 per cent of the project cost to the overseas-based subsidiaries of the Indian companies.