Geetha Muralidhar, Executive Director, Export Credit Guarantee Corporation of India Ltd (ECGC), on Friday said the export credit insurer would see a slower growth this fiscal.
According to her, though ECGC anticipated nearly 15 per cent growth in 2013-14, the actual growth would be much lower due to increase in pending export receivables and delayed payment of claims by banks.
ECGC provides export credit insurance to protect Indian exporters in case of non-payment by the overseas buyers, owing to commercial or insolvency reasons.
“A large number of export receivables are pending. There are claims worth Rs 1000 crore in the pipeline,” Muralidhar told reporters here on the sidelines of a conference here on export risk management organised jointly by ECGC and Dun & Bradstreet.
The overall scenario may “impact ECGC’s net premium return”, she added.