The Export Credit Guarantee Corporation of India (ECGC) is finalising a special credit insurance package for software exports from India, designed to meet the unique challenges faced by the software industry.
It also plans to seek support from the government to underwrite overseas projects executed by Indian companies. ECGC says that it would require this assistance in view of the large amounts involved in overseas projects.
ECGC has registered a premium income of Rs444 crore and claims of Rs455 crore during 2003-2004 and has reported a pre-tax profit of Rs92-93 crore with the help of income generated from investments.
Source: Asia Intelligence Wire
