Negotiations are on for Indo-Iran gas pipeline: Talaei

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Mumbai, Mar 5 (UNI) Iran's Deputy Foreign Minister Mohsen Talaei today said negotiations on the Indo-Iran gas pipeline were still.

Speaking at a meeting here on ''Iran and India Trade Relations, Opportunities and Advantages'', organised by All India Association of Industries, Mr Talaei said, ''We are in the process of proceeding with the pipeline.'' Mr Talaei also stressed the need of energy security and international cooperation.

He said there are opportunities for India to invest in the agriculture and the industry sector in Iran.

International Petrochemical Company President Mohammad H Rahbari, who was a member of the group which signed on the Indo-Iran gas pipeline in 2004, said apart from the pipeline there were many other opportunities for both the countries like the fertilisers sector, wherein Iran can export to India.

''Iran is the power house for hydrocarbon supply while India has a demand for the same, and there can be cooperation between the two countries,'' he added.

Iran's Deputy Minister for Financial and Economic Affairs Kord Zanganeh said foreign investment is welcomed in Iran upto 25 to 30 per cent in the agriculture sector and added that there was a huge scope for Indian entrepreneurs.

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