President Kovind stresses on enhancing trade 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. 

He said there are natural synergies between the two economies which can be of mutual benefit. 

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.

Earlier, Mr Kovind called for collaboration in the fields of innovation and R&D with Bulgaria.