The winning bidders will be granted the right to own and operate a new club which will compete in the league each year from 2013 onwards and have the opportunity (if applicable and subject to qualification) to compete in the AFC club competitions.
The invitation to tender will be available on working days between 10am and 5pm at the AIFF Headquarters, Football House.
All bidding parties need to fulfil the eligibility criteria (club licensing) and other requirements specified.
"It is AIFF's endeavour to make the I-League strong and robust and for that it is imperative that clubs comply with the licensing criteria especially with regard to infrastructure and youth development," AIFF general secretary Kushal Das stated.
"It is with this objective in mind that we are allowing direct entry into the I-League so that good infrastructure and Youth Development Academies can be established," he added.