Reduction in insurance cost for exporters, ECGC
The Dollar Business Bureau In a much-needed relief to the exporters, the Export Credit Guarantee Corporation (ECGC) in its 60th year of operation has taken a customer friendly step by reducing the premium rate by an average of 17% for its whole turnover policy covers. This has reduced the transaction costs for short term business exporters from Rs.28.19 to Rs 25.46 per Rs 100 during FY 2016-17. The premier Export Credit Agency has also initiated several customer friendly steps to boost exports. In its press release on May 31st, the agency has listed out the initiatives taken during FY 2016-17. The agency has taken steps to make Export Factoring Scheme, cheaper for MSMEs. To give a fillip to the Medium & Long Term (MLT) ...
India will need 70 lakh project managers in next 10 yrs: Report
The Dollar Business Bureau India would be the world’s fastest growing country for project management related employment and this profession is expected to outperform overall global job growth in the coming decade, generating millions of new jobs in India, with highly-competitive pay, a report revealed. “India will require 70 lakh new project managers in next 10 years. It will emerge as the fastest growing country in the world for project management-oriented employment,” a report on Project Management Job Growth and Talent Gap 2017-2027 by Project Management Institute (PMI) said. The expansion in major sectors such as manufacturing, construction, publishing, technology, information services, and finance and insurance, will drive the growth in project management-oriented professions, it added. The report is the third such assessment on project management profession and industry ...
Indias Exim Bank extends LOCs worth $120 million to Rwanda
Sachin Manawaria | The Dollar Business The Export-Import Bank of India (Exim Bank) has extended Lines of Credit (LOC) of a total of $120.05 million to the Government of the Republic of Rwanda for financing irrigation projects in Rwanda. In a statement, the Reserve Bank of India said that the LOC will be used for financing export targeted modern irrigated agricultural projects worth $60.22 million, and extension for exports targeted modern irrigated agricultural projects worth $59.83 million. The LOC will be used for sourcing of goods and services from India. Under the LOC, Exim Bank usually reimburses 100% of contract value to the Indian exporters, upfront upon shipment of goods. For the LOCs to Rwanda, the equipment and services ...
