Singh said India-China relations are one of the most important bilateral relationships in the 21st century. The two countries can learn from each other and work together for development as both countries are seeking fast development.

He said India is ready to maintain high-level contacts with China so as to deepen mutual trust and expand mutually beneficial cooperation.

India is ready to promote bilateral trade and mutual investment so that bilateral trade could reach 100 billion U.S. dollars by 2015, said Singh.

He said India will adopt concrete measures to encourage Chinese investment to help promote India's infrastructure development.

India has no intention to contain China and will not take part in any schemes aimed at containing China, said Singh. India recognizes the Tibet Autonomous Region as part of China and will not allow Tibetans to pursue anti-China activities in India, he said.

He also expressed the hope to work with China to maintain peace and security on the borders and properly resolve border issues through friendly talks.

After the meeting, Hu and Singh attended a ceremony marking the beginning of the "Year of China-India Friendship and Cooperation" activities.

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