An agreement was on drug administration, while yet another was on exchanges between cultural institutions. One MoU was also on the peaceful uses of outer space and another was on mutual administration and cooperation on customs matters. A sister city agreement was concluded between Shanghai and Mumbai.

 

The other pacts include cooperation in railways, and customs.

 

“It is important to have mutual trust and peace at the border to realise the full potential of the relationship between India and China, PM Modi said and added, “All issues including economic, political and security discussed over the last two days. We decided to step up engagement in diverse areas.”

 

PM Modi further said, “We expressed concern over trade imbalance and requested Chinese leader Xi Jinping to ease restrictions for investment by Indian companies in China. India and China has decided to initiate talks on civil nuclear cooperation."

 

“Further China has committed investments worth USD 20 billion in India over the next five years. I conveyed concern over the incidents along the border. The boundary question has to be resolved by earliest and have said that clarity is needed on LAC,” said Narendra Modi.

“I have expressed concern over China's visa policy as well as the water issue. Their resolution will strengthen the ties further,” said the hopeful Modi.

 

“We had fruitful talks which include all issues of mutual concern,” said Chinese President Xi Jinping and invited Modi to pay a visit to China early next year.

 

“2015 to be observed as 'Visit India' year in China, said the Chinese President and added “China and India to act as twin engines to promote growth and prosperity in the region. We have decided to respect each other's concerns. China has determination to resolve the boundary issue”

 

“Due to non-demarcation of the border, certain incidents take place but both countries have mechanisms to handle such incidents,” said Xi Jinping.

Earlier India and China discussed ‘all sensitive issues of concern at length’, including the latest incursion by hundreds of Chinese troops in Ladakh, during official talks between visiting Chinese President Xi Jinping and Prime Minister Narendra Modi. External affairs ministry spokesperson Syed Akbaruddin said on twitter that both leaders held ‘comprehensive discussions’ and discussed ‘all sensitive issues of concern, at length, during talks’ at Hyderabad House here.

 

He said following the meeting between the two leaders in Ahmedabad on Wednesday, both Modi and Xi are ‘addressing substantive issues’ during their talks here. The Chinese leader's visit comes as nearly 1,000 Chinese troops crossed about five km into the Indian territory on Wednesday in Ladakh's Chumar sector.

 

The troops of both sides held a flag meeting at the brigadier-level at Chushul to resolve the stand-off along the disputed boundary. Akbaruddin said earlier that Modi raised the incursion issue with Xi in Ahmedabad.

 

Must Read: Xi hopes to take strategic tie with India to ‘higher plane’; Modi raises incursion issue

 

"When leaders of important countries like India and China meet at summit level, these are occasions for discussing substance. So, I can assure you that that process has already started. On Wednesday, the issues of substance that you are referring to have already been raised at the highest level."

 

Must Read: China, India should take strategic partnership to higher plane: Xi

 

"Today, there are several opportunities for discussion and all issues of a substantive nature, including the recent events that you are referring to, will be addressed," Akbaruddin said, to a question on the incursion.

 

Read: Chinese Army pushes in more troops into Chumar

 

There has been increasing concern in India over the repeated incursions by Chinese troops into the Indian territory. The two sides are to ink several agreements in the infrastructure and railways sector later Thursday.

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