India-Bulgaria Bilateral and Trade Relations

India and Bulgaria have maintained a prosperous and healthy bilateral relationship, marking a 70-year anniversary in 2024. Over the years, trade between the two countries has expanded to include construction materials and specialized tools, and new opportunities are emerging in areas such as components for electric vehicles and equipment for the renewable energy sector.

India and Bulgaria have enjoyed a robust bilateral relationship that has flourished for several years. This enduring partnership marked a historic milestone in 2024 with the 70th anniversary of diplomatic relations between the two nations. Bulgaria’s advancements in logistics and rail connectivity have further elevated its importance as a strategic partner for India in trade and economic cooperation, facilitating seamless exchanges and opening new avenues for collaboration.

The establishment of the Indian Bulgarian Business Chamber (IBBC) on August 5, 2015, and its formal launch on February 16, 2016, has been a cornerstone in strengthening these ties. As a dedicated platform for promoting bilateral economic relations, the IBBC has created collaboration through a series of business forums hosted in key Bulgarian cities, including Sofia, Plovdiv, and Varna.

According to a press note from the Indian Embassy in Sofia, Bulgaria, such business forums have facilitated discussions on mutual economic interests as well as led to the participation of prominent Bulgarian officials, such as regional governors and mayors, underscoring the commitment of both countries to deepening their economic partnership.

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