Tehran, Feb. 10 : Iranian President Mahmoud Ahmadinejad has said that his government is ready to hold talks with the Barack Obama administration, but added that they must be based on mutual respect and in a fair atmosphere.

Ahmadinejad spoke Tuesday at celebrations marking the 30th anniversary of the Iranian Revolution.

Fox News quoted Ahmadinejad as saying the Obama administration was willing to "bring about a number of changes."

The hardline Iranian leader, however, said that he hoped the changes are "fundamental and not just tactical."

On Monday, while addressing his first press conference after assuming charge as America''s 44th President, Barrack Obama said he was ready to explore every opportunity to engage with the Iranian leadership, and not see it as a rogue state with whom business could not be done.

On future relations with Iran, Obama said: "We should take an approach with Iran that employs all of the resources at the United States disposal, and that includes diplomacy, and so my national security team is currently reviewing our existing Iran policy, looking at areas where we can have constructive dialogue, where we can directly engage with them."

"And my expectation is in the coming months we will be looking for openings that can be created where we can start sitting across the table face to face - diplomatic overtures that will allow us to move our policy in a new direction," he added.

"There''s been a lot of mistrust built up over the years, so it''s not going to happen overnight, and it''s important that even as we engage in this direct diplomacy, we are very clear about certain deep concerns that we have as a country. That Iran understands that we find the funding of terrorist organizations unacceptable. That we''re clear about the fact that," Obama said. (ANI)