NEW DELHI, Sept 13 (Xinhua): Bulgaria yesterday called for greater business cooperation with India, with whom its trade stands at 75 million US dollars currently.
"We are back. You are welcome," Bulgarian Prime Minister Sergei Stanishev told leading businessmen of both countries at a meeting organised by India's apex chambers of commerce and industry here.
"The potential of trade and investment is much bigger. More information and confidence in each other holds the key," he said.
Stanishev is the first Bulgarian prime minister to visit India in nearly three decades.
He underlined sweeping transformation in both countries as he presented his country as a gateway to the vast European market of nearly 600 million consumers.
"Bulgaria has become an open society and a flexible economy. India is not what it used to be. India is one of the growing economic powers in the world," said Stanishev, who is accompanied by top businessmen of his country on his week-long visit to India.
India's junior foreign minister Anand Sharma also called for expanding and diversifying trade between the two countries.
Indian Prime Minister Manmohan Singh is also likely to seek Bulgaria's support, which is a member of the Nuclear Suppliers Group (NSG), for global civil nuclear cooperation during his discussions with his Bulgarian counterpart, local media said.
According to the local media, Bulgaria is keen to import Indian auto components, information technology and software and wants to set up joint ventures in India in the areas of food processing and construction of grain and cold storage.
Bulgaria joined the European Union early this year. Its economy is growing at the rate of over 6 per cent in the past few years.
Bulgaria for greater trade with India
FE Team | Published: September 14, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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