Once operational, around 93% of India’s exports are set to gain duty-free entry into European markets, while Indian consumers are likely to see lower prices on premium European imports such as luxury automobiles and wines. With the US as one of the largest trading partners of India, Trump’s 50% tariffs have dented its exports.

Enemy properties are assets left behind by individuals who migrated to enemy countries during wartime, especially to Pakistan and China.

The project will require acquisition of 30.7 hectares of land, estimated to cost Rs 388 crore, while the total project outlay stands at Rs 22,862 crore.