The Commerce Ministry today launched a portal to provide relevant information and an e-marketplace for buyers and sellers of India and Iran.
The move would help in enhancing bilateral trade between the two countries.
"The Hind-Iran portal (hindirantrade.Org) is a joint initiative of STC and Douman Queshm, Iran," the Ministry said in a statement.
"The objective of the trade portal is to disseminate information relevant to Indo-Iran Trade, and provide an e-marketplace for the buyers and sellers of the two countries," it said.
It is also aimed at bridging the communication divide which the business communities face.
The portal was launched by Additional Secretary in the Department of Commerce, Inder Jit Singh in the presence of Ambassador of Iran, Gholamreza Ansari and STC CMD Khaleel Rahim.
The two-way trade between the countries declined to USD 9 billion in 2015-16 from USD 13.13 billion in the previous fiscal.
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