ASSOCHAM is organizing ‘National E-Summit on Surety & Guarantee Bond’ on 24 February 2022. ASSOCHAM applauds Government decision to allow surety bonds substitute for bank guarantees in government procurement.
The insurance regulator, IRDAI, has come out with a framework for the development of the surety insurance business in the country, which will come into effect from April 1, 2022, that allows Indian general insurers to commence surety insurance business.
This is a big boost to project financing with an overall improvement in project viability. The Chief Guest for the Event is Manoj Kumar, Member (Projects), National Highways Authority of India & the Special Address will be given by Santosh B Nayar, Chairman & Independent Director, Reliance Nippon Life Insurance Company Ltd. & Richard Wulff, Executive Director, International Credit Insurance & Surety Association.
Key Areas of Discussion:-
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How Sureties Can Help the Infra and Construction Industry with A Minimum Funding Requirement
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Impact of Final Guidelines for Surety Business in India
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How Surety Will Help Of Efficient Use Of Working Capital & Manage Construction-Related Risks To The Infra Sector.
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Role of New Norms by IRDA to Foster Robust Ecosystem & Prevent Contagion
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Sureties Help With An Effective Price Discovery For The Government Project Due To Higher Participation.
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Fair Opportunity for Mid-Sized Contractors to Participate In Big Projects Due To Lower Requirement of Funding
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Challenges, Opportunity in Surety & Guarantee Bond (SGB) & The Way Forward.
For Other Details, Please Contact:
Event Name: National E-Summit on Surety & Guarantee Bond
Website: https://www.assocham.org/
Date: 24 February 2022
ASSOCHAM
Address: 4th Floor, YMCA Cultural Centre and Library Building,
01 Jai Singh Road, New Delhi – 110001
Mobile: 8447365357
Email: Kushagra.joshi@assocham.com
Registration Link:
https://bit.ly/34QmfEh
