The BCCI's working committee met here today to discuss the matter days after the Home Ministry made it clear that it would not be able to provide security for the event due to the elections set for April-May.
The elections are set to clash with the IPL window, which has been kept from April 9 to June 3.
"If necessary, part of the matches would be played abroad. IPL chairman Ranjib Biswal has informed that South Africa, Bangladesh and UAE have expressed interest to host the matches," he told reporters.
While South Africa is the front-runner having had the experience of hosting the second season of IPL, United Arab Emirates (UAE) is also among the countries being considered for the event to be held between April 9 to June 3 window.
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But the BCCI is keen to keep a majority of the mates in India due to immense pressure from the sponsors.
UAE is also favourable venue as they now have two more stadiums apart from the Sharjah ground in Dubai and Abu Dhabi respectively.