diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
new file mode 100644
index 0000000..24c2f3c
--- /dev/null
+++ b/CONTRIBUTING.md
@@ -0,0 +1,46 @@
+# Contributing to telescope-bookmarks.nvim
+
+Thank you for investing your time in contributing to this project! 🎉
+
+## Getting started
+
+You can look at the currently open
+[issues](https://github.com/dhruvmanila/telescope-bookmarks.nvim/issues) to see
+if there's a feature which you would like to work on or a reported bug to fix.
+
+### Development
+
+Development of this project happens on GitHub using issues and pull requests.
+Please open an issue first for feature requests and bug reports. A pull request
+can be opened directly if the changes are small enough.
+
+### Formatting
+
+The project uses [stylua](https://github.com/JohnnyMorganz/StyLua) for code
+formatting. It can be run using `make fmt`.
+
+### Testing
+
+The project uses [vusted](https://github.com/notomo/vusted) for testing. Please
+refer to the project README for installation instructions. The tests can be run
+using `make` with the following command:
+
+```
+make test
+```
+
+This will install the dependencies such as `telescope.nvim`, etc. in a `.deps`
+directory and invoke the `vusted` command. To use the latest version of the
+dependencies for testing, remove them using `make clean` and then invoke the
+test target again.
+
+#### Code coverage
+
+The project uses [luacov](https://github.com/lunarmodules/luacov) for coverage
+reports. Please refer to the project README for installation instructions. The
+coverage report is generated automatically when running `vusted`.
+
+## Release process
+
+The project follows [Semantic Versioning](https://semver.org/). The release
+process is done manually using GitHub Releases.
diff --git a/README.md b/README.md
index 22386cc..805b029 100644
--- a/README.md
+++ b/README.md
@@ -196,6 +196,11 @@ the respective plugin function used to open the URL:
 * [open-browser.vim](https://github.com/tyru/open-browser.vim) - `openbrowser#open`
 * [vim-external](https://github.com/itchyny/vim-external) - `external#browser`
 
+## Contributing
+
+Contributions are always welcome and highly appreciated. Refer to the
+[Contributing Guidelines](./CONTRIBUTING.md).
+
 ## References
 
 * [Browsing Chrome bookmarks with fzf](https://junegunn.kr/2015/04/browsing-chrome-bookmarks-with-fzf/)