State-owned Export Credit Guarantee Corporation (
ECGC) would help Chhattisgarh
to accelerate the export plan.
Commemorating its 60th year into being, the ECGC
on Tuesday opened its 60th branch in Chhattisgarh
that had been endowed with world-class minerals and traditional tribal craft. The state has an export volume of Rs 6,000 crore of which 70 per cent is from minerals.
is a growing state with high potential for export and the ECGC
set-up in Raipur would provide the platform for promoting exports by providing credit risk insurance and related services for exports,” ECGC
Chairman-cum-Managing Director (CMD) Geetha Muralidhar
has seen a steady growth in export. Major export from the state emanates from Bhilai, Raipur, Korba and Raigarh. The chief items include Iron and Steel, iron ore, Steel casting and forgings, Aluminum, Cereals (rice), blended yarn, oil extractions, medicinal plants, fruits, silk and handicrafts etc.
The state has a vivid variety of traditional tribal crafts made of bell metal, wood, wrought iron, bamboo and clay. Chhattisgarh
is also the largest producer of tasar
(Kosa) silk in the country. The state’s handicrafts and handlooms failed to get support to showcase in the international market.
CMD said the company would provide a platform for the Chhattisgarh’s artefacts
and silk. “The company would provide guidance to the artists to mould the art as per the international standards and stand in competition globally,” she said, adding that ECGC
could partner with the state government or its agency to take up the project.