Bhubaneswar, Feb 3: Odisha Chief Minister Mohan Charan Majhi congratulated Prime Minister Narendra Modi on the historic India-US trade deal and the reduction of tariffs on ‘Made in India’ products. In his message on X (formerly Twitter), CM Majhi described the development as a "historic advancement" in economic relations between the two nations, which would lay a solid foundation for deeper cooperation and shared prosperity.

"The reduction of tariffs to 18% on Made in India products is a major boost for Indian manufacturing, MSMEs, exporters, and job creation," CM Majhi emphasized. He highlighted that the tariff reduction would open up broader markets and new opportunities for Indian entrepreneurs and startups, providing them with a larger platform for growth.

"I extend my sincere congratulations and gratitude to PM Shri @narendramodi Ji for his decisive leadership and people-focused diplomacy, strengthening Indo-US ties and enhancing India’s global economic presence," CM Majhi added.

In a groundbreaking announcement on Monday, Prime Minister Modi revealed that tariffs on ‘Made in India’ products would be reduced to 18% following a historic trade deal between India and the United States. US President Donald Trump confirmed the deal, stating that both nations had reached a significant agreement.

“Delighted that ‘Made in India’ products will now have a reduced tariff of 18%. Big thanks to President Trump on behalf of the 1.4 billion people of India for this wonderful announcement,” PM Modi wrote on his X handle.

This trade agreement, eagerly awaited for years, marks a pivotal moment in the economic ties between India and the US. The deal has garnered strong endorsement from Indian-American business leaders, with many praising it as a breakthrough. However, some policy veterans have called for caution, noting that many details of the agreement remain unclear.

Bilateral trade between the two countries has been growing steadily, reaching $200 billion, despite previous hurdles such as tariff disputes, market access issues, and political tensions. The new trade agreement aims to resolve some of these long-standing challenges and further strengthen economic cooperation between the two largest democracies in the world.