According to the statement, President Xi also said that China and India should increase trade and investment cooperation to ensure that the two countries were able to enjoy more "early stage profits" from large scale projects in infrastructure and industry.
President of Russia Vladimir Putin said: "I am glad that we met for a bilateral meeting on the sidelines of the SCO Summit".
"The sense of the meeting was that the two countries have great benefit, great interest in working with each other and we will have differences". Find us on Facebook too!
From a primarily Eurasian construct, the Shanghai Cooperation Organisation (SCO) now expands its footprint in the Indian sub-continent with the induction of India as a full member.
Under the current complex worldwide situation, sound China-Russia ties are of great significance to the two countries' development and revitalization, as well as to peace and stability of the world, Xi said.
Modi said the organization could play an important role in bringing peace in Afghanistan. He said it would be beneficial for the entire SCO members.
"Speaking at the SCO later, Prime Minister Modi congratulated Kazakhstan President Nursultan Nazarbayev for organising the SCO Summit". PM Modi had reportedly said that connectivity projects in the region should respect "territorial integrity and sovereignty", and maintain "inclusivity and sustainability". In this context, connectivity through the Chabahar port in Iran was also discussed.
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Sharif said the Belt and Road initiative transforms the global economic landscape. "And in Pakistan we are diligently implementing the China-Pakistan Economic Corridor, which is the flagship of the BRI".
The issue of terror also figured at the summit.
The convention aims to combat the increasingly sophisticated methods used by jihadists, such as online recruitment and propaganda, and is dedicated to addressing the root social causes of terrorism.
Modi further said terrorism is one of the chief violators of human rights and values.
At the Shanghai Cooperation Organisation, both the leaders addressed for the need of a coordinated efforts and approach to fight terrorism in the region by clamping down on terror funds.
On his part, Xi told Modi that the two sides should increase communication and coordination in multilateral affairs and appropriately control and handle disputes and sensitive problems, China's official Xinhua news agency said.
Prime Minister Narendra Modi, who attended the summit, thanked SCO member countries for giving support to India's induction. In his address, Modi said SCO could also devote attention towards climate change.
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