ECGC listing likely in this fiscal to boost export credit

FOUR YEARS AFTER the Cabinet Committee on Economic Affairs approved the listing of the Export Credit Guarantee Corporation (ECGC), the government is now set to move ahead with its initial public offering (IPO) later in the current financial year, sources said.

- PRASANTA SAHU

The proposed listing aims to unlock the company’s market value and allow it to mobilise fresh capital for expansion. The additional funds will help strengthen export credit insurance schemes and raise ECGC’s Maximum Liability (ML) cover—the total amount it can be held liable for under all insurance policies—from ₹1.5 lakh crore to over ₹2 lakh crore.

“After recent discussions, it has been decided to undertake the listing of ECGC in the current financial year,” an official aware of the matter said, adding that it will promote corporate governance through transparency and greater accountability.