Bulgarian PM calls for greater economic cooperation
13 Sep '07
3 min read
Speaking at the Business Forum 'India and Bulgaria – Towards Stronger Business Partnership' jointly organized by FICCI, CII and ASSOCHAM, Mr. Sergei Stanishev, Prime Minister of Bulgaria noted that information exchange and building of business confidence would give a thrust to economic cooperation and successful business partnership between the two countries.
He identified information and communication technology, pharmaceutical, food and agro processing and renewable energy as potential sectors for business and investment between India and Bulgaria.
The Prime Minister said Bulgaria and India share a very special relation at the human cultural level apart from diplomatic state level contacts.
He underlined that India was a major economic power having a large middle class and huge potential in high technology and education. The Prime Minister noted that the prospects for enhancing economic ties between India and Bulgaria were tremendous.
In the same vein, Mr. Peter Dimitrov, Minister of Economy and Energy of Bulgaria proposed building a strategic partnership between Bulgaria and India. Mr. Dimitrov suggested that Bulgaria can be used by Indian industry as gateway to the vast European market with its over 600 million consumers.
Mr. Anand Sharma, Minister of State for External Affairs, mentioned that the present state of economic engagement between India and Bulgaria does not reflect the potential that exists.
He added that while bilateral trade increased by 36% in 2006 to reach a level of US$ 75 million, this represents just a fraction of what the two countries can achieve given their complementarities in several areas.
marketing@alchempro.com
