PM Modi said differences will be "prudently managed" so that they don't become disputes and take care of "each other of concerns and sensitivities."
India and China have agreed to continue the positive momentum as they wrapped up the second edition of the informal summit in the southern Indian state of Tamil Nadu with the big takeaway being in trade and "Wuhan spirit" being in tandem with "Chennai Connect".
Both sides have agreed on trade mechanism with India's Finance Minister Nirmala Sitharaman and Chinese vice Premier Hu Chunhua.
Both Prime Minister Narendra Modi and Chinese President Xi Jinping agreed that since Wuhan, strategic communication has deepened and both sides agreed that the informal summit should continue between leaders of India and China. Both leaders spent 6 hours together during the 24 hours Chinese president was in India.
"Wuhan summit provided new momentum and trust and Chennai connect will start new ear of cooperation between the two countries" and since first informal summit there has been "increased stability and strategic communication," PM Modi said.
He said differences will be "prudently managed" so that they don't become disputes and take care of "each other of concerns and sensitivities."
Chinese President called "informal summit a good idea", adding that "Wuhan informal summit last year ushered in "new age of health and steady development" and "it continues to produce visible progress..by deeper strategic communication and effective practice cooperation and more diverse people to people and cultural exchanges."
"It was a right decision to have informal summit" and we can "continue with this form of meeting," he said.
He said that he had "heart to heart discussion on bilateral relation" with PM Modi as "friends" and Beijing's aim is "to maintain and grown India China relation". The Chinese president said he is "overwhelmed" by India's hospitality and "really feel the sincere welcome" which will be a "memorable experience".
Terror was the other big focus during the meeting. India, in a press release after the summit, said, "Both Leaders are concerned that terrorism continues to pose a common threat" and "As countries that are large and diverse, they recognized the importance of continuing to make joint efforts to ensure that the international community strengthens the framework against training, financing and supporting terrorist groups throughout the world and on a non-discriminatory basis."
The revocation of special status for Jammu and Kashmir was neither raised nor discussed by either side. On Regional Comprehensive Economic Partnership (RCEP) - the 16-member free trade agreement - PM called for balanced trade pact on which Chinese president said New Delhi's concerns will be taken care of.
As part of the process of Confidence Building Measures, India's Defence Minister will be soon going to China.
As part of people-to-people contact, two leaders agreed on the establishment of sister-state relations between Tamil Nadu and Fujian Province, exploring the possibility of establishing an academy to study links between Mahabalipuram and Fujian province.
Next year, both countries celebrate 70th anniversary of diplomatic relations and will organise 70 activities including a conference on a ship voyage that will trace the historical connect between the two civilisations.
The third informal summit will take place in China with President Xi inviting PM Modi, an invitation that has been accepted.
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