Friday, April 27, 2012

Interactive Meeting on “Trade and Business Opportunities in Bulgaria”-

       The Embassy of Bulgaria in India, New Delhi, India in association with The Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) organized a Interactive Meeting on “Trade and Business Opportunities in Bulgaria”on 21st  April 2012 at J.S. Krishnamoorthy Auditorium, Red Hills, Hyderabad. His Excellency Mr. Borislav Kostov, Ambassador of Bulgaria to India was the chief guest and Lion Dr. Y. Kiran Kumar, Hon. Consul General of Bulgaria in Hyderabad was the guest of honour for this session.  

      Mr. V.S. Raju, President, FAPCCI, Mr. Srinivas Ayyadevara, Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Relations Committee and , Mr. A.S. Kumar, Deputy Secretary General are the speakers at the occasion. 

      Mr. Borislav Kostov said in his key note address is that the Bulgaria and India cooperate closely at the international arena. Our two countries relations enjoy broad political consensus in both countries. 

      Mr. Kostov also said that the Bulgaria and India have developed close and cordial relations over the years based on their cultural and spiritual closeness and shared values of freedom and democracy. The long-standing relations between our two countries are characterized with traditional friendship and multidimensional mutually beneficial cooperation, and have grown into a close and dynamic partnership. Bulgaria-India cooperation encompasses the areas of trade and economy, science and technology, information and communication technology, defense and legal assistance, education and culture, youth affairs and sports, and is supported by a strong bilateral legal basis and a broad intergovernmental institutional framework.

      Bulgaria’s membership in the European Union and India’s status as an emerging global power add strategic dimensions to our bilateral relations and open up new wider possibilities for interaction in all areas of mutual interest. Further strengthening and expanding of the multifaceted relationship with India is a foreign policy priority of Bulgaria he added.

      Mr. V.S. Raju said in his welcome address is that the bilateral trade between India and Bulgaria has turn over between two countries was US$ 123.3 million in 2010. The major Indian exports to Bulgaria include flat-rolled products of iron or non-alloy steel; polyacetals and polycarbonates; ferrous alloys; cotton yarn; carbon electrodes; pharmaceuticals; coffee and coffee substitutes.  Major Bulgarian exports to India include unrefined copper and copper anodes for electrolytic refining; unwrought lead; seeds; craft papers and paperboard; ferrous waste and scrap of iron and steel; instruments and apparatus for chemical and physical analysis; derivatives of hydrocarbon, ammonium carbonate. 

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