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India: Export orders worth $8 billion at risk due to absence of insurance cover

August 28, 2014 - 6:00am

Lack of insurance cover is threatening Indian export orders worth $8 billion, Business Standard reported.

An official from the Export-Import Bank of India said the companies "have already secured these orders," but will probably lose them if they are unable to secure cover. Another problematic factor is the limited capital base of Export Credit Guarantee Corp. of India, which provides export credit insurance facilities to exporters, Business Standard reports.

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