Commerce and Industry Minister Suresh Prabhu Friday proposed to double bilateral trade with Iran in the next five years from the current level of USD 13.8 billion, an official said.
The official also said Prabhu's scheduled visit to Tehran on October 2 has been postponed for some reasons.
He was to attend the ministerial meeting of the International North South Transport Corridor.
Ways to boost trade and investment between the two countries were discussed during a meeting between Prabhu and Iranian Minister of Road and Urban Development Abbas Ahmad Akhoundi here.
The meeting assumes significance as the US has imposed sanctions on the Persian Gulf country.
The US has also told India and other countries to cut oil imports from Iran to zero by November 4 or face sanctions.
After the meeting of the two ministers, Prabhu tweeted: "Our discussions were centered on expanding bilateral ties between India and Iran beyond the energy and security sector."
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