The Indo-Iran Chamber of Commerce and Industry, established in 2014, seeks to tap into the vast potential for business and commerce between India and Iran. Against the backdrop of robust trade ties, the Chamber focuses on enhancing bilateral trade in sectors such as mining, petroleum, healthcare, technology, agriculture, and education.

India and Iran share a longstanding trade relationship with cultural affinities. India exports items like rice, machinery, metals, pharmaceuticals, and chemicals to Iran, while Iran exports crude oil, urea, saffron, and rubber products to India. In the year 2023 (till November), the total trade between the two countries amounted to $1.6 billion.