Business Leap Frontier

Recently Mohammad Mehdi Akhoundzadeh, Deputy Foreign Minister of Iran, has met India’s External Affairs Minister Pranab Mukherjee to discuss on the proposed 7.4 billion dollar tri-nation – Iran-Pakistan-India gas pipeline project. The two countries discussed ways to crack the deadlock over this project because India has been boycotting, since August 2007, talks over tri-nation pipeline project, by reason of the transit fee demanded by Pakistani Government for passage of gas through their country.

On the other hand, earlier of this official meeting, both countries had decided to make a trilateral Ministerial mechanism to resolve a range of issues related to the project. According to the mechanism, the Oil Ministers level meeting among India, Pakistan and Iran will go on to address various issues related to the project.