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APRIL 2019


"There is a huge potential for development of Indian-Bulgarian trade and investment relations in the field of automotive industry. There are many Bulgarian companies producing components and systems for the global automotive industry, making different types of auto parts for brands like Mercedes, BMW, Audi, Ford, Volvo, Peugeot, Renault, Dacia etc. In eight of every ten cars in Europe, some auto parts are produced in Bulgaria. India is most welcome to invest in the automotive industry in Bulgaria, taking advantage of the lowest corporate and personal income tax of 10% in Europe and the competitive cost of doing business in Bulgaria."

-H.E. Mrs Eleonora Dimitrova, Ambassador of Bulgaria in India



Bulgaria attaches great importance to its investment relations with India. Special attention is paid to the various programs launched by the Indian government like "Make in India", "Smart Cities" and "Clean India". We are proud to speak about success stories related to Bulgarian companies present in India among which are one of the fastest growing Internet providers in New Delhi and a plant for manufacturing of veterinary medicines in Pune. Under the initiative "Make in India" Bulgarian and Indian companies initiated in 2017 ambitious investment projects in the fields of production of bio-toilets and construction of a solar plant in the state of Bihar.

-H.E. Mr Petko Doykov, Ambassador of the Republic of Bulgaria to India



Situated in the midst of 5 Pan European corridors, Bulgaria offers free access to EU market and attracts the foreign investors with the most favourable tax regime in Europe and Corporate income tax rate of 10% - the lowest in EU. Highly educated population and a vast range of Governmental incentives, tax exemptions and free trade zones are what Bulgaria has on display for Indian investors and companies and Bulgaria welcomes them in our country. Blessed with outstanding nature and natural resources, Bulgaria comes third in Europe in number of cultural artefacts and second in number of natural spring resources. Our tiny EU country has everything from rich culture and ancient history, mountains, rivers and sea to four seasons, delicious food and wine. All that is packed in only 111 sq km and inspires the travellers to visit Bulgaria again. By welcoming 8.26 million tourist arrivals in 2016, more than its own population of 7.1 million, Bulgaria reaches a milestone of 16.2% increase in foreign tourist arrivals in 2016 - one of the most remarkable growths in European tourism industry. Indian travellers also discovered Bulgaria, voting for it as the "Best Emerging Tourism Destination in the world" in "Travel & Leisure" Awards for 2016. There is a remarkable growth of 28% in Indian tourist arrivals in Bulgaria in 2016.

-H.E. Mr Petko Doykov, Ambassador of Republic of Bulgaria to India