India to go ahead with IPI project

Highlights

India has maintained that pricing & commercial viability will be the only factors guiding the project.
NEW DELHI: Ignoring US' objections, India today said it will go ahead with the proposed gas pipeline project with Iran.

"Talks are going on. When I was in Iran, I had mentioned categorically that we are interested in the pipeline and negotiations on the pricing are going on," External Affairs Minister Pranab Mukherjee told a private news channel.

His response came when asked to comment on US objections to the proposed Iran-Pakistan-India (IPI) gas pipeline.

US Energy Secretary Samuel Bodman, during a visit here last week, had said Washington was opposed to India having the pipeline project with Iran as it was against his country's law.

India has maintained that feasibility aspects like pricing and commercial viability will be the only factors guiding the trilateral project that is estimated to be of the tune of US $7.4 billion.
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