"Iran-Pakistan-India pipeline is indispensable for India's energy security and its economic growth. It is crucial as it is essential for eradication of poverty in the country," Petroleum Minister Mani Shankar Aiyar said at the India Economic Summit in New Delhi.

Aiyar said three sets of bilateral dialogue between India and Pakistan, India-Iran and Pakistan and Iran would culminate into a trilateral dialogue early next year.

"We have made extraordinary progress towards realising a world-class safe and secure project," he said.