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Iran-India-China gas pipeline a good idea: Chinese envoy

New Delhi, April 29, IRNA-China's Ambassador to India, Sun Yuxi here Thursday said as far as the extension of the Iran-India gas pipeline to China is concerned, Beijing does not have any political problem with it, finding it a very good idea.

Talking to IRNA on the sidelines of a seminar on achievements of the Chinese Premier Wen Jiabao's visit to India on April 9-12, the envoy added, "Iran-India gas pipeline is a very big project and it would do wonders to the region." Asked about his country's involvement in project, he said, "China has not yet been asked to be a part of the gas pipeline project by anyone and its technical details need to be sorted out before proceeding further".

India's Minister of State for Planning, M V Rajashekharan said, "Once the gas comes to India, the pipeline can extend itself to China." The minister added, "Modern technology can make everything possible. The new geopolitical reality is such that it can make such a project a reality." Speaking at the seminar Sun Yuxi said, "During his recent visit to India, the Chinese premier attained three prominent goals. The two giant Asian economies now have upgraded their relationship to strategic cooperative partnership for peace and prosperity.

He said the other achievement of the landmark visit was the settlement of the boundary dispute. The other significant part of the visit is the envisioning of five-year time line for developing bilateral trade and commerce.

The ambassador said the Indian and Chinese sides are shortly going to launch negotiations on investment protection.

By 2010, he added, the Sino-Indian trade will touch 50 billion US dollars.

India will soon start celebrating a Chinese Cultural Month and China will reciprocate by celebrating Indian Cultural Month.

China-India commercial relationship is geared to diversify into agriculture, medicinal herbs, and food processing apart from active cooperation between software and hardware sectors.

Rajashekharan said, "China and India are moving from the era of barriers to openness.

"We have to move together."

... Payvand News - 4/29/05 ... --

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