Prime Minister (PM) Narendra Modi met Chinese President Xi Jinping on the sidelines of the BRICS Summit in Kazan, Russia, and welcomed the agreement reached between the two neighbours earlier this week on patrolling arrangements along the Line of Actual Control in eastern Ladakh, news agency ANI reported.

Maintaining peace and stability on the border should remain priority of the neighbours and mutual trust should remain the basis of bilateral ties, stated PM Modi, adding that India-China relationship is important not only for people of the two countries but also for global peace, stability and progress.

"We are having a formal meeting after five years. We believe that the India-China relationship is very important not only for our people but also for global peace, stability and progress. We welcome the consensus reached on the issues that have arisen in the last four years on the border. Maintaining peace and stability on the border should remain our priority. Mutual trust, mutual respect and mutual sensitivity should remain the basis of our relations," PM Modi said.

The two leaders addressed the 16th BRICS Summit earlier in the day.