Turkish Foreign Minister Ali Babacan said Friday Turkey and India can cooperate in nuclear energy because Turkey is interested in nuclear energy projects to meet its energy demand.

"Turkey is close to oil and gas beds thanks to its unique location, and therefore it has an increasing role in world energy diplomacy," Babacan told members of the Indian Chamber of Commerce & Industry in New Delhi.

Babacan said Turkey can extend the oil pipeline that goes from Turkey to Israel via Mediterranean till India, and they can implement this project if Turkey, Israel and India reach an agreement.

On the other hand, Babacan said Turkey is very suitable for foreign investments.

"The Indian companies which want to make business in Turkey will not be subject to any quotas or customs tariffs thanks to the Customs Union," he told.

In the meantime, Union of Chambers & Commodity Exchanges of Turkey (TOBB) and Indian Chamber of Commerce & Industry signed a cooperation platform protocol.