ECGC signs a Reinsurance Framework Agreement with NEXI, Japan in a bilateral meeting on 29th March 2024.

“ECGC Limited (ECGC), India’s leading Export Credit Agency (ECA), and Nippon Export Investment Insurance (NEXI), Japan’s export credit agency, have signed a Reinsurance Framework Agreement to boost support for exports by India-affiliated companies in Japan and vice versa. The agreement, formalized at ECGC Bhawan in Mumbai, was signed by Mr. Sristiraj Ambastha, Chairman-cum-Managing Director of ECGC Limited, and Mr. Kazuki Hondo, Managing Executive Officer and Member of the Board of NEXI. The signing ceremony was attended by senior officials from both the ECAs.
This agreement reflects the strong commitment of both institutions to enhance cooperation and establish a robust reinsurance framework that will facilitate exports by India-affiliated companies in Japan and vice versa.
It aligns with the Indian government’s strategic policy on Japan, which aims to deepen economic ties between the two nations. This collaboration is expected to open up new avenues for trade and investment between the two countries, thereby providing a boost to the Make in India initiative of the Government of India.”