Europe's green transition offers India-Bulgaria trade opportunities, says Indian envoy
The year 2024 is being celebrated as the 70th anniversary of the establishment of diplomatic relations between India and Bulgaria.
![Europe's green transition offers India-Bulgaria trade opportunities, says Indian envoy](https://cdn.zeebiz.com/sites/default/files/2024/06/28/302086-dsca.jpg?im=FitAndFill=(1200,900))
The green transition currently high on the agenda in Europe will create more opportunities for cooperation and trade between India and Bulgaria, India's Ambassador to Bulgaria Sanjay Rana has said.
The year 2024 is being celebrated as the 70th anniversary of the establishment of diplomatic relations between India and Bulgaria.
Rana was in Burgas on the Black Sea coast, near the Bulgarian capital Sofia, on Thursday to get acquainted with the opportunities for deepening economic cooperation.
Economic relations between Bulgaria and India have been on the upswing over the past 10 years, he told the Bulgarian news agency BTA.
There has been an increase in the exchange of construction materials and various special-purpose tools between the two countries, he added.
According to BTA, the Indian envoy said that the two sides are now finding new opportunities, including opportunities to trade components for electric vehicles and specific equipment for the renewable energy sector.
"The green transition currently taking place in Europe will create more opportunities for cooperation and trade between India and Bulgaria," he said.
Specifically on the Burgas region of the country, he described it as one of the most dynamically developing regions in Bulgaria, as many economic activities take place there.
Burgas is a “gateway” to Bulgaria because of its ports and is becoming an increasingly important hub for trade between India and Bulgaria. With the development of logistics and railways, Bulgaria is becoming an extremely important partner for India, he emphasised.
The ambassador said that Bulgaria and India have a sustainable economic and cultural cooperation, and in recent years, new opportunities have opened up, given the growing interest in sustainable technologies, electric vehicles and renewable energy sources.
Rana also commented on the idea of hiring third-country workers in Bulgaria, announcing that India has expressed its desire to the Bulgarian government to conclude a bilateral agreement in this direction.
According to him, this will benefit the big employers in Bulgaria as they need well-trained manpower, an area where India can contribute.India already has similar agreements with Italy, Germany, France and Austria, he added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-sip-swp-monthly-pension-income-retirement-corpus-planning-calculator-inr-rs-20000-monthly-investment-for-15-years-inr-99000-monthly-return-for-42-years-313283](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316973-rupee-pixabay-take-1.jpg?itok=02-hJh59)
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
![https://www.zeebiz.com/market-news/news-bajaj-finserv-rvnl-borosil-renewables-carysil-railtel-corporation-stocks-to-buy-hdfc-securities-recommendation-picks-target-stop-loss-bse-nse-313386](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317091-26.jpg?itok=gE1cWt7z)
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-vs-ups-vs-ops-monthly-pension-income-retirement-corpus-calculator-what-will-be-your-pension-on-inr-rs-10000-contribution-for-35-years-expert-calculations-313361](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317060-rupee-pixabay-take-2.jpg?itok=cOVdof_v)
NPS vs UPS vs OPS: What will be your monthly pension if you contribute Rs 10,000 monthly for 35 years? Get expert calculations
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etf-sip-mutual-funds-in-5-years-calculator-how-inr-rs-21000-monthly-investment-has-grown-in-nifty-sp-bse-next-50-cpse-uti-icici-pru-nippon-india-motilal-oswal-bharat-22-nift-mid-infra-313306](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316994-indian-currency-pixabay-take-1.jpg?itok=JURVEkst)
Top 7 ETF Mutual Funds With Highest SIP Returns in 5 Years: How Rs 21,000 monthly SIP has grown in each ETF over the years
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-senior-citizen-fd-fixed-deposit-latest-interest-rate-2024-calculator-what-be-maturity-amount-with-return-on-investments-of-inr-900000-lakh-in-1-3-5-year-guaranteed-return-scheme-retirement-planning-313221](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316909-note-coin-pixabay-take-1.jpg?itok=3RPKcBYE)
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
03:06 PM IST