"The Iranian Foreign Minister is to visit India. The visit most probably will happen towards the month's end," the PTI reported.
Iran and India which have deep historical and cultural relations are now seeking to further expand political and economic ties.
India, the world's fourth-largest petroleum consumer, is Iran's second largest oil customer after China and purchases around $12bln worth of Iranian crude every year, about 12 percent of its consumption.
India and Iran have been holding discussions at regular intervals on issues related to economic cooperation under the joint commission mechanism, which was established in July 1983.