Odisha export potential $50 bn by 2029‑30, Exim Bank to open Bhubaneswar office
A study by the Export‑Import Bank of India projects that Odisha’s merchandise exports, which were $10.8 billion in FY 2025‑26 (2.4 % of India’s total), could rise to $14.9 billion under a base‑case, $24.4 billion under an optimistic case, and $50 billion under an ambitious case by FY 2029‑30 if the state’s share of national exports doubles to 5 %.
The export basket remains dominated by metal and mineral products, with aluminium and its articles accounting for 38.2 % of the state’s exports, followed by iron and steel, inorganic chemicals, ores, slag, ash and mineral fuels. China was the top destination, receiving $1.9738 million (18.3 % of exports), with Vietnam, South Korea, the United States and the United Kingdom also significant markets.
Exim Bank Deputy Managing Director Tarun Sharma released the report in Bhubaneswar and announced the opening of a full‑fledged regional office in the city. The new office will provide financing, trade assistance and advisory services to Odisha exporters and MSMEs, aiming to strengthen the state’s export ecosystem.
Entities: Aluminium · Bhubaneswar · Export‑Import Bank of India · Odisha · Tarun Sharma
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Odisha's merchandise exports were $10.8 billion in FY 2025‑26, representing 2.4 % of India's total exports. (Exim Bank study)
- [● 2 SOURCES] Under the optimistic scenario, Odisha's exports could reach $24.4 billion by FY 2029‑30. (Exim Bank study)
- [● 2 SOURCES] China was Odisha's top export destination in FY 2025‑26, receiving $1.9738 million (18.3 % of exports). (Exim Bank study)
- [● 2 SOURCES] Under the ambitious scenario, Odisha's exports could reach $50 billion by FY 2029‑30 if its share of India's exports rises to 5 %. (Exim Bank study)
- [● 2 SOURCES] Under the base‑case scenario, Odisha's exports could reach $14.9 billion by FY 2029‑30. (Exim Bank study)
- [● 2 SOURCES] Odisha's exports grew at a compound annual growth rate of 6.6 % from FY 2016‑17 to FY 2025‑26. (Exim Bank study)
- [● 2 SOURCES] Aluminium and its articles accounted for 38.2 % of Odisha's exports in FY 2025‑26. (Exim Bank study)
- [○ 1 SOURCE] Exim Bank announced it will open a regional office in Bhubaneswar to support Odisha's exporters. (Exim Bank announcement)