ExportsInFocus

Government Approved Capital Infusion of Rs. 4400 Crore to ECGC Ltd

Information on India's Merchandise exports performance was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha.

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India’s merchandise export during last three years and current year are as follows:

YearsValue of Merchandise export

(US$ Billion)

2018-19330.08
2019-20313.36
2020-21291.81
2020-21 (Apr-Nov)174.46
2021-22 (Apr-Nov)*263.42

Sourc: DGCI&S. * Provisional

The accumulated amount of payments on export of goods and services outstanding with the various financial institutions as on 2nd December 2021 as provided by Reserve Bank of India (RBI) is as follows:

(Value in Rs Crore)
Outstanding export invoice amount for less than 9 monthsOutstanding export invoice amount for more than 9 monthsOutstanding export invoice amount for more than 15 months
                             14,91,747                            13,54,134                 9,90,342

Source: RBI

The total amount settled by Export Credit Guarantee Corporation (ECGC) on various default payments to banks under Export Credit Insurance Cover for Banks (ECIB) from 2016-17 to 2020-21 and April-September 2021-22 are as follows:

YearsClaim settled

(₹ in Crore)

2016-17655.50
2017-181131.47
2018-19813.39
2019-20261.64
2020-21761.87
2021-22 (Apr-Sept)79.52

Government has approved proposal for capital infusion of Rs. 4,400 crore to ECGC Ltd. for the period 2021-22 to 2025-26 to support additional exports of Rs. 5.28 lakh crore over a five year period.

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha.

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