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    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.

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