He went on to say that the “Iran-India gas pipeline is a very big project, and it would do wonders to the region.”

Asked about his country’s involvement in the project, he said: “China has not yet been asked to be a part of the gas pipeline project, and the technical details would 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,” adding that “modern technology can make everything possible. The new geopolitical reality is such that it can make such a project a reality.”

Mr Sun went on to say that, during his recent visit to India, the Chinese premier attained three prominent goals, the first of which is that the two giant Asian economies have now ‘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, and the establishment of a 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, Sino-Indian trade will touch $50billion; India will soon start celebrating a Chinese cultural month, which will be reciprocated in China.