The Indo Iran Economic Cooperation Council was established in December 2015 as a non-profit organization under a private initiative, aimed at helping business persons from both sides to enhance and promote Economic / Commercial exchanges between the two sides. IIECC enjoys support and patronage of the Embassy of the Islamic Republic of Iran in New Delhi.
The motivation behind the above development was the current level of bilateral trade, which is seen as well below its potential. The establishment of IIECC is well timed keeping in view the latest favourable international developments. Besides, the Council seeks to fill the gap of not having a Council dedicated to a prominent trading partner of India like Iran.
The Council proposes to correct the above position by acting as a bridge between business persons from the two sides, facilitating contacts and promoting greater understanding of the business climate and emerging opportunities in both Iran and India, through holding of seminars, exhibitions and exchange of delegations.