President stresses on enhancing trade, investment between India & Bulgaria

President Ram Nath Kovind has said that immense possibilities of collaboration exist between India and Bulgaria in the fields of artificial intelligence, data analytics, robotics, and nano-technology.

Speaking at the India- Bulgaria business forum last night, the President said that bilateral trade between the two countries which is currently only 300 million dollars a year has a vast scope to expand.

On the second day of his three-day visit to Bulgaria, President Kovind made a strong plea to enhance trade and investment ties between the two countries in areas like Pharmaceuticals, Agriculture, Food Processing, Auto Components, Defence Production and Infrastructure sectors.

During the visit of President Kovind India and Bulgaria signed four MoUs in the fields of Civil Nuclear cooperation, investment, Tourism and establishment of Hindi chair at Sofia university yesterday.

A significant outcome of President Kovind’s visit to Bulgaria has been that both the countries have agreed to substantially upgrade their economic partnership in line with the depth of their robust political relations.

Indeed, as a result of President Kovind’s visit, the possibilities of cooperation and utilization of synergy between the two countries have been identified and progress made to realize them in the times ahead.

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