3 European export credit agencies reach out to Indian companies, banks

The Export Credit Agencies (ECA) of Germany (Euler Hermes), Austria (OeKB) and Switzerland (Swiss Export Risk Insurance SERV), together with the Swiss Business Hub India and Switzerland Global Enterprise, on Thursday reached out to Indian companies, banks and government institutions for opportunities for investment and cooperation.

“The state export credit agencies Euler Hermes, OeKB and SERV offer comprehensive support to make the most of this potential through local partnerships,” the Embassy of Switzerland said in a statement. It said that India’s dynamic economic development creates an attractive environment for export-oriented companies.

At a conference organised in Delhi, they informed the stakeholders about export promotion instruments firsthand when sourcing Austrian, German and/or Swiss goods or services – or when working with contractors from these countries.

“The three ECAs work strongly together and have joined forces to promote trade and investment. Through their financial instruments and expertise, Indian exporters have been able to tap into European markets, while European companies have benefited from the dynamic Indian market,” the Embassy of Switzerland said.

Securing long-term projects through an ECA offers advantages such as reduced cost of financing, higher international presence, and promotion of sustainable projects.