After insuring the receivables of India’s exporters in the global market, the state-run Export Credit Guarantee Corporation (ECGC) is planning to launch trade credit insurance service in the domestic market.
The company is holding talks with a Belgium-based insurance company, among others, to launch this product, ECGC general manager Geetha Muralidhar said in a statement.
"Trade credit insurance in the domestic market has not been considered at all, perhaps because of a dearth of database on credit information particularly payment performance of traders, i.e., buyers," Ms Muralidhar said.
