Seafood Export Set to Soar Under New Trade Deal
The India-UK Free Trade Agreement (FTA), signed on 24 July 2025, has unlocked vast opportunities for Odisha’s coastal districts by granting duty-free access for Indian seafood and handicrafts to the British market. The removal of nearly 99% of tariffs on Indian seafood imports into the UK is expected to significantly boost Odisha’s trade prospects, particularly for prawns, which form the bulk of the state’s seafood exports.
In 2024-25, India exported seafood worth $104.43 million to the UK—77% of which comprised prawns. Previously, Indian seafood faced import duties ranging between 4.2% and 21.5%. With these trade barriers eliminated, Odisha is well-positioned to double its share in the UK’s $5.4 billion seafood market, which currently stands at just 2.5%.
Ports of Paradip and Balasore to Witness Surge in Trade
The Paradip and Balasore ports are expected to become major export hubs as seafood exports to the UK rise. Local exporters anticipate better prices, and Odisha’s fishermen are already witnessing positive changes as demand grows. The seafood processing industry—largely staffed by women—is projected to see a surge in employment due to increased production volumes.
Handicrafts Sector Poised for Revival
Apart from seafood, Odisha’s traditional handicrafts are set to receive a fresh lease of life under the FTA. With duty-free access to UK markets, artisans across the state are likely to see increased revenues and new employment opportunities. This is expected to drive growth in rural manufacturing and preserve traditional craftsmanship.
Targeting $120 Billion Bilateral Trade by 2030
The FTA aims to propel India-UK bilateral trade to $120 billion by 2030. Odisha, with its strategic coastal location and existing export infrastructure, stands in a vantage position to benefit from this growth. Analysts view this as a transformative opportunity for the state’s economy, particularly in marine exports and artisan-based industries.
Call for Infrastructure Investment
While the FTA presents immense potential, experts stress the need for the Odisha government to invest in critical infrastructure—such as cold chain logistics, modernised fish landing centres, and handicraft clusters—to fully capitalise on the opportunity.
Conclusion: A Turning Point for Coastal Odisha
The India-UK FTA marks a historic shift in Odisha’s trade landscape. With streamlined trade procedures and zero tariffs, the agreement is expected to drive sustainable growth in fisheries and handicrafts, uplift rural livelihoods, and strengthen the coastal economy.
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