Iranian President Mahmoud Ahmadinejad arrived in New Delhi today on a five-hour visit dominated by talks on India’s participation in Iran-Pakistan-India (IPI) gas pipeline project.
Ahmadinejad told reporters after meeting with Indian Prime Minister Manmohan Singh that he was optimistic about India’s participation.
IPI pipeline will be 2,200-km (1,615-mile) long, linking Iran’s South Pars gas fields to Pakistan and India. The construction cost is estimated at about $7.5 billion.
India has been under tremendous pressure from the US not to sign off on the project. Indications from Delhi today show that Ahmadinejad may have offered the Indians a pricing structure well below the market price in order to lure them to sign off on the project.
No formal agreements were announced during the visit.