The five largest Indian IT companies already have offices in our country.
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting between the Minister of Economy and Industry Dr. Petko Nikolov and the Ambassador of the Republic of India to Bulgaria, His Excellency Sanjay Rana. The two pointed out that some of the most important areas for cooperation are the IT sector and the services sector. During the meeting, it also became clear that the five largest Indian IT companies already have offices in our country and employ Bulgarian specialists and engineers.
“Traditionally good bilateral relations exist between Bulgaria and India. Our country places significant importance on the development of our economic cooperation,” the Minister of Economy underscored.
Minister Nikolov and the ambassador of the Republic of India in Bulgaria discussed the possibilities of improving investments and trade between both countries. During the meeting, it was noted that in recent years, Indian companies have shown significant interest in investing in various sectors in Bulgaria. The list includes Agriculture, Defense, the Pharmaceutical Industry, Mechanical Engineering, Clinical Research, Tourism, and Hospitality.
Dr. Petko Nikolov and His Excellency, Sanjay Rana, underscored the need to utilize the full potential of the trade relations between the two countries. As a step in this direction, they discussed the organization of the Bulgarian-Indian Intergovernmental Commission for Economic Cooperation at the beginning of next year, which over the years has played a key role in promoting bilateral partnership.
They both endorsed the idea of organizing a business forum as part of the upcoming meeting, which will be the appropriate platform for finding new partnerships between Bulgarian and Indian companies.
The previous day also saw a conference marking 70 years since the establishment of diplomatic relations between the Republic of Bulgaria and the Republic of India. At the conference, the vital economic significance of this long-standing partnership for both countries was highlighted. Deputy Minister of Economy and Industry Nikolay Pavlov also attended the event.