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Hyderabad.
Project Proposal
Of
Prn: 18021141036
Mail:18021141036@sibmhyd.edu.in
Project Proposal
Introduction
Export credit insurance is a policy offered by both government export credit
agencies and private entities to businesses that want to protect payment
risk.These risks include non-payment, currency issues and political unrest.
Not knowing where an exporter is sending their merchandise is a risk that can
potentially bankrupt a company. This insurance covers some of the possible
losses. Export Credit Guarantee Corporation of India Limited, (ECGC) is a
company wholly owned by the Government of India. It functions under the
administrative control of the Ministry of Commerce and is managed by a Board
of Directors representing Government, Banking, Insurance, Trade and Industry
primary objective is to promote country's exports by covering the risk of exports
on credit by providing insurance cover to Indian exporters against non-
realisation of export proceeds due to commercial or political risks; and giving
guarantee to banks and other financial institutions to enable them to extend
credit facilities to exporters on liberal basis. ECGC is performing well to assist
Indian exporters and bankers.
Literature Review
“Export and Economic Growth” by B.N. Tripathy, states that exports are
engines of economic growth. The study has traced the theories on export by
Adam Smith, historical experience and an attempt was made on the analysis of
the role of Indian Economy. The author has expressed that Indian Economy has
always been growth led exports and strategy of export led growth. Mr B.N.
Tripathy has also pointed out that small countries with limited natural resources
are most likely to find economic growth can be accelerated by export
specialization.
ECGC services to exporters - A study with reference to Coimbatore region. A.
Muthuswamy - 2005. The study has evaluated the business and financial
performance of ECGC (Export Credit Guarantee Corporation), utilization of
export finance and related problems faced by exporters. It has also suggested
that Reserve Bank of India to consider favourably the application for relaxation
of pre-shipment credit period suggesting simplification in export procedures.
The study has expressed that ECGC to take steps for promotion of export
business through conducting awareness programmes and seminars through
effective advertisement in business journals, magazines web etc.
Project Proposal
I. Project Proposed:
Implementing qualitative methods to generate reports and analyse various
policies customers require which also benefits the organisation henceforth
improving CRM.
allied products which could play a catalytic role to achieve the main objective
of augmenting the country’s exports.
Issue of concern
Combining export credit insurance and post shipment credit cover–The two
products, namely credit insurance policy and post shipment cover, essentially
cover more or less the same risk cannot be brushed aside and a sincere effort
Project Proposal
IV. Methodology
Qualitative Research Method for in-depth analysis of products offered by
ECGC compared to competitors and proposal of new products. The study would
be based on survey using questionnaires and convenient sampling method is
used. Information gathering from personal interactions along with field officers.
The data collected will be segregated based on policies. After the process of
segmentation, analysis would be carried out to understand respective
requirements.
V. Schedule
The activity for the project includes meeting various exporters with field
officers on a regular basis and updated twice a week.
Project Proposal
VI. Limitations
The study is also based on the Secondary Data, so there may be chance for
bias
Detailed analysis may not be possible in certain areas which was considered
highly confidential
VII. References:
1. www.ecgc.in
2. Research Reports.