ECGC chiarman and managing director BB Sharma told The Financial Express that the proposal would be placed before the forthcoming board meeting. "The new tie up will be operational in three to four months' time", he said. Sharma was here in connection with the customer meet organised by ECGC's Hyderabad branch.

While the ECGC was able to recover only about 5 per cent of the total claims, its French counterpart has an expertise of recovering over 50 per cent, Sharma said.

According to Sharma, since inception, ECGC has received over Rs 1,000 crore claims from both banks and individual exporters. ECGC also provides buyer profile to exporters. It has a data bank, which has profiles of over 1.5 lakh buyers from all over the world.