State Government Considers Relief Measures for Exporters Bhubaneswar: The recent decision of former US President Donald Trump to impose a 50% tariff on Indian exports has sent shockwaves through Odisha’s economy, particularly affecting two crucial sectors—seafood exports and textiles. Both sectors have long been key contributors to the state’s export basket, and the sudden imposition…
Shrimp, aluminium, minerals, petroleum products among key sectors facing impact Bhubaneswar: US President Donald Trump has imposed a two-phase 50% tariff on Indian imports, a move expected to hit Odisha’s export sector hard. The decision will not only affect shrimp exports but also impact metals, minerals, chemicals, agricultural products, and software. According to the Odisha…
Steep import duties may cripple foreign exchange earnings and hit farmers, processors alike. Bhubaneswar : Odisha, one of India’s leading seafood-exporting states, sends nearly 70% of its shrimp and other marine products to the United States, earning around ₹2,000 crore annually. This export sector plays a crucial role in generating foreign exchange for the state….
