Boosting India's Exports: ECAs Unveil New Opportunities

A conference in New Delhi brought together German, Austrian, and Swiss Export Credit Agencies to discuss opportunities for Indian companies. The event highlighted the potential benefits and untapped financing options available through collaboration with these agencies, aimed at enhancing India's export capabilities and supporting sustainable projects.

The Export Credit Agencies of Germany, Austria, and Switzerland, alongside Swiss Business Hub India and Switzerland Global Enterprise, hosted a crucial conference in New Delhi on October 24, 2024. The event saw Minister Nitin Gadkari of India's Ministry of Road Transport & Highways delivering a keynote to outline the benefits of working with ECAs.

With India's economy growing rapidly, the conference sought to explore new investment and cooperation opportunities. Export Credit Agencies (ECAs) from Germany's Euler Hermes, Austria's OeKB, and Switzerland's SERV highlighted how Indian firms can capitalize on the country's dynamic growth for enhanced export potential through partnerships.

In today's climate of global risks, the collaboration between these ECAs is increasingly important. They discussed facilitating trade and investment between India and Europe, underscoring significant yet untapped ECA financing options in India for long-term project success, while emphasizing the agency's role in driving sustainable development and climate action.

(With inputs from agencies.)