Cabinet approves capital infusion of ₹1,650 crore into NEIA: Piyush Goyal

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New Delhi, Sep 29 (ANI): The Centre approved capital infusion of contribution of Grant-in-aid (Corpus) of Rs1,650 crore to National Export Insurance Account (NEIA) trust over a period of five years, on September 29, informed Commerce and Industry Minister Piyush Goyal.“Corpus contribution of Rs1,650 crore will enhance the underwriting capacity of the Trust and will enable NEIA to support project exports worth Rs 33,000 crore at full capacity utilization that in turn will translate into an estimated output of domestically manufactured goods to the tune of Rs25,000 crore approximately,” said Piyush Goyal.

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