Services

Total trade between India and Iran soared to $191 million in November 2023, representing a 30 percent growth. Iranian exports to India for the same month reached $59 million, indicating a 5 percent increase. The overall trade for the first 11 months of 2023 surpassed $1.6 billion.

Given this remarkable growth, the establishment of a Chamber of Commerce and Industry between the two countries becomes imperative. The Indo-Iran Chamber of Commerce and Industry is designed to nurture the expanding trade relationship, functioning as a key organization to facilitate and significantly enhance ties by encouraging debate, conveying the private sector’s perspectives, and influencing policy. Its goal is to become the voice of the business community engaged in trade between India and Iran.

The Indo Iran Chamber of Commerce and Industry aims to be a leading organization, fostering stronger ties between India and Iran through various initiatives. These include hosting seminars to bring businessmen together, facilitating dialogue, exploring partnership areas, and addressing barriers to the exchange of goods and capital.

Conferences organized by the Chamber will focus on sharing innovations in technologies and services across industries, identifying common areas for collaboration, and enhancing understanding of sustainable development issues. Members can discuss grievances and industry-specific trends in sectors such as mining, petroleum, agriculture, education, biotechnology, and more.

Brief industry reports will be provided, serving as valuable resources for members entering specific industries. For example, reports on healthcare in Iran can aid Indian companies planning to export healthcare services. The Chamber will also facilitate human resources development, fostering employment opportunities for both Indians and Iranians.

Efforts will be made to establish just and equitable principles in trade between the two countries, potentially through codes of practice. The Indo Iran Chamber of Commerce and Industry is dedicated to developing, enhancing, and creating opportunities to strengthen trade ties between Iran and India.