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Iconic sweetmeat chain KC Das is eyeing a return to the United Kingdom after more than five decades, encouraged by the proposed India-UK Comprehensive Economic and Trade Agreement (CETA) and rising demand for authentic Indian food brands overseas. Dhiman Das, executive director of the legendary confectionery brand and a fifth-generation descendant of Nobin Chandra Das, the inventor of the rosogolla, said there is "huge scope" for Indian food businesses and restaurants in the UK market, particularly as the pact is expected to ease regulatory and tariff barriers for food exports. "We are actively looking for a suitable partner for the UK venture. The important thing is that the partner should be technically sound in dairy, as finance is not a critical issue," Das told PTI. "We are planning to set up a manufacturing base in Birmingham, which is relatively close to London, to cater to the metropolis market and adjoining regions. We have requested the Deputy High Commission in Kolkata to
The US-Venezuela conflict will have a negligible impact on India's trade with the South American country, think tank GTRI said on Sunday. On January 4, American forces carried out a large military operation in Venezuela, capturing President Nicolas Maduro and his wife and taking them to the US to face various charges, including narco-terrorism and drug trafficking. "India faces negligible impact, as trade with Venezuela has collapsed under sanctions, with crude imports down 81.3 per cent in FY2025 and overall bilateral trade remaining marginal," the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. For India, he said, the Venezuelan disturbance is unlikely to have any material economic or energy impact. Although India was a major buyer of Venezuelan crude in the 2000s and 2010s, bilateral engagement has weakened sharply since 2019 due to US sanctions, which forced India to cut oil imports and scale back commercial activity to avoid secondary sanctions, he added.