State agencies and MPEDA outline measures to safeguard exporters, enhance logistics, and tap new global markets Bhubaneswar : Odisha’s seafood sector, a critical contributor to the state’s export economy, is bracing for turbulent times following the United States’ decision to impose a steep 50% tariff on seafood imports. With frozen shrimp and fish forming the…
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…
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….
Over ₹6,500 Crore Investment Announced by 40+ Companies; Government Focuses on Cluster-Based Industrial Growth and Logistics Corridors Bhubaneswar: Odisha has made significant strides in attracting investment in the food processing sector, with over 40 companies announcing plans to invest more than ₹6,500 crore in the state over the last few years. These companies are setting…
