The Indo Belgian Chamber of Commerce and Industry (IBLCCI) was created in 1966 as the Mumbai branch of the Belgo-Indian Chamber of Commerce and Industry. A little later, the Bombay office was made independent and re-named as the Indo-Belgian Chamber of Commerce and Industry.

Mr. S. P. Godrej during his tenure as President led a Business Mission to Europe, especially to Italy, Spain, Portugal and Belgium in 1988, with the object of developing further trade links with these countries through first hand contact with Trade Chambers and individual business houses. On 23rd November 1998 a Memorandum of Understanding (MOU) between the BICCI and the IBLCCI was signed under the esteemed presence of His Royal Highness Prince Philippe and His Excellency Mr. Elio Di Rupo, the then Deputy Prime Minister of Belgium.