In June 2016, a Bulgarian delegation from the Corporation for Technology and Innovation JSC visited India to sign a franchise agreement with the Indian Institute of Hardware Technology Bangalore. This franchise is in the field of educational activities, and it also entitles the institute to be represented in Bulgaria. Several meetings were held during the visit, which laid the foundations for future cooperation between Bulgarian and Indian companies. The establishment of the Bulgarian – Indian Technology Forum will help to increase this cooperation and strengthen relations between the two countries.