ENA State 2025-08-28 15:21:59 <p><span style="font-size:14px"><strong>Bhubaneswar, Aug 28 (KNN)</strong> Odishas seafood and textile industries, two of the states most labour-intensive sectors, are facing severe pressure following the US governments imposition of a 50 per cent tariff on Indian exports.</span></p> <p><span style="font-size:14px">In response, the state government is preparing interim relief measures to support both sectors.</span></p> <p><span style="font-size:14px">Odisha exported seafood worth Rs 4,700 crore in 2024-25, with nearly one-third going to the US. The textile and apparel sector, though smaller with exports of Rs 85.5 crore in 2023-24, has been viewed as a high-potential industry.</span></p> <p><span style="font-size:14px">Industries Secretary Hemant Sharma confirmed that targeted interventions are under consideration, including interest subvention on working capital for seafood processors.</span></p> <p><span style="font-size:14px">Exporters report a sharp decline in shipments. We used to send around 100 containers to the US each month. This August, it dropped to less than 25, said Tara Ranjan Patnaik, chairman of Falcon Marine Exports.</span></p> <p><span style="font-size:14px">He warned that alternative markets such as Europe, China, and Russia are either too small or unreliable. With Vietnam facing only a 20 per cent tariff, competition has intensified.</span></p> <p><span style="font-size:14px">Industry representatives say the tariff hike has disrupted the value chain, affecting processors, suppliers, and farmers. The Seafood Exporters Association of India has submitted a memorandum seeking compensation to manage the additional burden.</span></p> <p><span style="font-size:14px">Odishas seafood industry, which has grown from Rs 360 crore in 2004-05 to over Rs 4,700 crore in 2024-25, is among the top five foreign exchange earners and employs a large workforce, more than half of them women.</span></p> <p><span style="font-size:14px">The textile sector is also at risk, as exporters may shift manufacturing to Bangladesh, Indonesia, or Vietnam to cut costs. The state government is working on measures to safeguard jobs and investor confidence, especially after commitments worth Rs 7,808 crore were made during the Odisha TEX 2025 summit.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43307 https://knnindia.co.in/news/newsdetails/state/odisha-plans-relief-for-seafood-and-textile-sectors-amid-us-tariff-shock 2025-08-28 15:21:59 knnindia.co.in