Latest news with #ECGC
Hans India
2 days ago
- Business
- Hans India
Commerce and Industry ministry clocks hectic week to push exports, big projects
New Delhi: The Ministry of Commerce and Industry has concluded a hectic week with Union Minister Piyush Goyal travelling across the country from Srinagar in the north to Bengaluru in the south for chairing various meetings to give a fillip to exports and industrial projects. The Minister held a crucial meeting with the Chairman of the State Bank of India and senior executives from other leading banks, ECGC Ltd., and department officials in Mumbai to review and explore opportunities related to export credit. Based on ECGC's experience under the scheme of enhanced cover, ECGC has now proposed further modifications to make available adequate and affordable credit to a larger section of MSME exporters. The product facilitates the borrower accounts to be treated equivalent to 'AA' rated accounts with reduced cost of export credit to the exporters. In the meeting, Goyal said the ECGC can examine the extension of the scheme proposed for nine banks to all banks, so that the export credit offtake for the MSME Exporters can be increased. The Minister visited Srinagar and met the delegation from the Kashmir Chamber of Commerce & Industry and the Kashmir Chapter of the MSME Development Forum. He also met representatives of the Jammu & Kashmir Fruits and Vegetable Processing and Integrated Cold Chain Association. In a clear message to traders in the region, the Minister emphasised that the Centre will not compromise on sensitive sectors or regional concerns while negotiating market access with foreign partners. 'Traders need not worry. Whatever FTA we sign will keep the interests of Jammu and Kashmir and the entire country in mind,' he Bengaluru, the minister visited two Aerospace Special Economic Zone (SEZ) units: Unimech Aerospace Manufacturing Limited and Safran Hindustan Aeronautics Limited (HAL) Aircraft Engines Private Limited, both located at the Karnataka Industrial Areas Development Board (KIADB) Aerospace SEZ in Devanahalli. A review was held to address key issues affecting major infrastructure projects in Gujarat and Rajasthan through the Project Monitoring Group (PMG) mechanism. The Centre fast-tracked big-ticket infrastructure projects worth over Rs 36,296 crore in Gujarat and Rajasthan at the meeting. A total of 22 issues related to 18 critical projects were taken up at the meeting. Among the major initiatives discussed was the Transmission System Strengthening Scheme for the evacuation of power from solar energy zones in Rajasthan and Gujarat, with a projected investment of Rs 14,147 crore.
Hans India
3 days ago
- Business
- Hans India
Commerce & Industry Ministry clocks hectic week to push exports, big projects
New Delhi, July 13: The Ministry of Commerce and Industry has concluded a hectic week with Union Minister Piyush Goyal travelling across the country from Srinagar in the north to Bengaluru in the south for chairing various meetings to give a fillip to exports and industrial projects. The minister held a crucial meeting with the Chairman of the State Bank of India and senior executives from other leading banks, ECGC Ltd., and department officials in Mumbai to review and explore opportunities related to export credit. Based on ECGC's experience under the scheme of enhanced cover, ECGC has now proposed further modifications to make available adequate and affordable credit to a larger section of MSME exporters. The product facilitates the borrower accounts to be treated equivalent to 'AA' rated accounts with reduced cost of export credit to the exporters. In the meeting, Goyal said the ECGC can examine the extension of the scheme proposed for nine banks to all banks, so that the export credit offtake for the MSME Exporters can be increased. The minister visited Srinagar and met the delegation from the Kashmir Chamber of Commerce & Industry and the Kashmir Chapter of the MSME Development Forum. He also met representatives of the Jammu & Kashmir Fruits and Vegetable Processing and Integrated Cold Chain Association. In a clear message to traders in the region, the minister emphasised that the Centre will not compromise on sensitive sectors or regional concerns while negotiating market access with foreign partners. 'Traders need not worry. Whatever FTA we sign will keep the interests of Jammu and Kashmir and the entire country in mind,' he explained. In Bengaluru, the minister visited two Aerospace Special Economic Zone (SEZ) units: Unimech Aerospace Manufacturing Limited and Safran Hindustan Aeronautics Limited (HAL) Aircraft Engines Private Limited, both located at the Karnataka Industrial Areas Development Board (KIADB) Aerospace SEZ in Devanahalli. A review meeting was held to address key issues affecting major infrastructure projects in Gujarat and Rajasthan through the Project Monitoring Group (PMG) mechanism. The Centre fast-tracked big-ticket infrastructure projects worth over Rs 36,296 crore in Gujarat and Rajasthan at the meeting. A total of 22 issues related to 18 critical projects were taken up at the meeting. Among the major initiatives discussed was the Transmission System Strengthening Scheme for the evacuation of power from solar energy zones in Rajasthan and Gujarat, with a projected investment of Rs 14,147 crore.
Associated Press
18-04-2025
- Business
- Associated Press
TheLotter CEO Advocates for Clear Regulation During ECGC Panel on Gaming's Future
ATLANTIC CITY, N.J., April 18, 2025 /PRNewswire/ -- TheLotter Group CEO Yael Hertz was a featured panelist at the 28th Annual East Coast Gaming Conference (ECGC). Yael Hertz brings over a decade of expertise at the intersection of online gaming, financial services, and regulatory strategy. Hertz brought a unique perspective to the ECGC panel, 'Future Shock: Confronting Unprecedented Changes in Gaming', which explored how regulators, operators and suppliers in the gaming industry are adapting to transformative shifts impacting everything from licensing to market share and beyond. During the ECGC panel discussion, Hertz expressed the importance of regulatory framework and guidelines for lottery couriers being set forth by each state. She highlighted how having a clear regulatory framework helps everyone move forward with confidence — pointing to New Jersey and New York as a great example of effective collaboration between operators and regulators. As a leader in the lottery courier industry, TheLotter believes that real innovation starts with truly understanding the customers. Or as Hertz put it: 'When you understand the pain points and solve them in a way that builds trust, that's how you create meaningful, competitive offerings.' 'I'm excited to have been part of a panel that pushes the conversation forward in an industry that's constantly evolving,' said Hertz. 'Events like ECGC create invaluable opportunities for regulators, operators, and suppliers alike to come together and shape the future of gaming.' Since taking the helm at TheLotter Group in 2023, Hertz has spearheaded a strategic transformation within the company, with a strong focus on penetrating the U.S. market. Under her leadership, The Lotter Group secured its first U.S. licenses in New Jersey and New York and is actively pursuing additional state licenses as part of its expansion roadmap. Lloyd Levenson, co-founder of the ECGC, felt that it was essential to include TheLotter Group at this year's East Coast Gaming Conference, stating: 'Their insights offer a fresh and dynamic perspective on the evolving gaming landscape —from navigating complex regulatory hurdles to identifying new opportunities for growth in the Lottery Courier space.' TheLotter offers a modern solution to the lottery experience while also dedicating significant effort to upholding responsible gaming standards, such as self-exclusion and spend limits, which are difficult to implement in the retail environment. In addition, TheLotter collaborates with local retailers to fulfill online ticket orders, generating increased revenue for local businesses. At the same time, they make substantial marketing investments which help to raise awareness and drive engagement with state lotteries. By integrating technology, responsible gaming, and community partnership, TheLotter is helping strengthen the state lottery's ecosystem and increase funding for essential state-supported programs, such as education, veterans' services, and public infrastructure. TheLotter has been, and will continue to be active in lobbying each state to establish the regulatory framework necessary to promote transparency, responsibility, and growth—benefiting both customers and the state. About theLotter US: TheLotter US is a lottery courier service that provides US residents the opportunity to order official lottery tickets online, offering a secure and convenient way to participate in state lotteries. Lottery draw game tickets are purchased on a customer's behalf at a fully vetted and licensed lottery retailer. All prizes are paid out by the official state lotteries. Must be 18+ (21+ in AZ). GAMBLING PROBLEM? Call 800-GAMBLER®. Residents of NY call HOPEline at 877-8-HOPENY (1-877-846-7369) or text HOPENY (467369). OR call 877-MYLIMIT. View original content: SOURCE TheLotter US
