April 2019 \ World News \
DIPLOMATS TO INDIA EMPIRE

“There is a huge potential for development of Indian-Bulgarian ...

AUTOMOBILE MANUFACTURING

“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




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