Prime Minister Narendra Modi met his Chinese counterpart Xi Jinping in the city of Qingdao on the sidelines of the Shanghai Cooperation Organisation summit, which will take place over the weekend.
He also said he would be holding multiple meetings with the heads of various SCO member states on the sidelines of the summit.
The ties between the two neighbouring nuclear powers had nosedived following last year's Doklam standoff as well as due to a number of other issues issues including China blocking India's move to get Pakistan-based Jaish-e-Mohammed chief Masood Azhar banned by the United Nations and its opposition to India's bid for the Nuclear Suppliers Group membership.
President Mamnoon congratulated President Xi Jinping on his re-election as President of People's Republic of China and General Secretary of Communist Party of China (CPC).
"There were some discussion on trade and investment related issues".
PM Modi is expected to hold about six bilateral meetings with leaders of other SCO countries.
China has renewed its agreement with India on sharing data on the cross-border flow of waters from the Brahmaputra river during the flood season. During his speech at the Shangri-La Dialogue in Singapore on June 1, Modi had talked about working closely with China and said an "Asia of cooperation" could shape this century. India had said a year ago that China did not stick to an agreement to share hydrological data, or scientific information on the movement and quality of water, for the Brahmaputra.
Modi and Xi were also expected to discuss economic relations between the two countries, NDTV reported.
Gokhale said Xi referred to the growing popularity of Indian films and not only spoke about the success of the movie Dangal in China, but also mentioned that Baahubali 2 and other Hindi movies had done well in the country.
I am excited to lead the Indian delegation for our first-ever meeting of the Council as a full member.
Luo said it was the 14th meeting between our two leaders over past four years.
The two countries also signed an agreement under which China has agreed to import non-Basmati rice from India which is likely to bridge the ballooning trade deficit to a certain extent.
It is for the first time that an Indian prime minister is attending the SCO summit after India along with Pakistan became full members of the grouping, jointly dominated by China and Russian Federation, which has been increasingly seen as a counter to North Atlantic Treaty Organisation.
Korea Joongang Daily quotes Chinese media that in addition to issuing a joint declaration, participants will sign "more than 10 agreements on security, economic cooperation and people-to-people exchanges".