The Export Credit Guarantee Corporation of India (ECGC) plans to open satellite branches across the country to create a widespread distribution network.
The 46-year-old credit guarantee insurance provider opened two new satellite branches in Jodhpur and Visakhapatnam on 17 September.
The two branches are part of a series of satellite branches opened where full-fledged presence is not economically feasible, being set up in cities and towns across the country. In September alone, ECGC has opened satellite branches in key small cities such as Noida, Rajkot and Chandigarh.
The company now has smaller branches in 34 cities across India.
The drive is part of ECGC's efforts to meet growing competition in the credit insurance market after it was opened up for competition from other non-life insurers, recently.
