Speaking alongside his counterpart Manmohan Singh, Li said China wanted to increase cooperation with India, saying his choice of destination for his first foreign visit showed the importance that Beijing attached to ties with Delhi.
"The purpose of my current visit to India is three-fold - to increase mutual trust, to intensify cooperation and to face the future," Li said.
"On the basis of deeper mutual trust, our two countries can further deepen our mutual understanding and construct a new type of relations between major countries, promote healthy and sound development of China and India.
"That will be a true blessing for Asia and the world."
Li's visit comes after a flare-up last month in a long-running border dispute between the two countries in a remote Himalayan region.
New Delhi accused Chinese troops of intruding nearly 20 kilometres into Indian-claimed territory, triggering a three-week standoff that was resolved when troops from both sides pulled back.
The Line of Actual Control between the nuclear-armed neighbours has never been formally demarcated, although they have signed accords to maintain peace in the region that was the site of a brief Indo-Chinese war in 1962.
Although Li did not mention the border dispute, he stressed that cooperation between the world's two most populous nations had global ramifications.
"World peace... cannot be a reality without strategic trust between India and China," he said.
After arriving in New Delhi on Sunday afternoon, Li held a first round of talks with Singh in the evening and the two held more detailed discussions on Monday.
Li is also scheduled to meet Indian Foreign Minister Salman Khurshid, ruling Congress party leader Sonia Gandhi and senior figures from the main opposition Bharatiya Janata Party before heading Tuesday to the financial hub, Mumbai.
The border dispute almost led Khurshid to cancel a visit to Beijing before the pullback agreement, despite his insistence that the row should not serve to "destroy" recent diplomatic progress.
Sujit Dutta, a China expert at Delhi's Jamia Millia Islamia University, said Beijing could become more assertive in such disputes under its new leadership.
"As Beijing's new leadership is making a concerted effort to challenge India's territorial assertions, India will have to plan new attempts to bridge the perceptional distances between these two huge neighbours," Dutta told AFP.
Other observers said there was a general acceptance that the border dispute should not be allowed to block progress in other areas.
China is India's second-largest trading partner, with two-way commerce totalling $66.5 billion last year.
Chinese Vice Commerce Minister Jiang Yaoping told reporters last week he was optimistic that the target of reaching $100 billion by 2015 would be met.
But the figure in 2012 was in fact a fall from the $74 billion for 2011 and India is also facing an increasing trade deficit with China that totalled $29 billion in 2012.
Several major roads in the Indian capital have been closed to prevent Tibetan protestors from disrupting the visit while exile groups complained of heavy-handed policing in their neighbourhoods.
"The police has denied us permission to protest in New Delhi and police deployment in Tibetan resident areas has been intensified. They are not allowing young Tibetans to walk in groups," said Tsering Choedup, a regional coordinator for the International Tibet Network.
After wrapping up his visit to India, Li is due to travel to neighbouring Pakistan before heading to Switzerland and Germany.
COMMENTS (13)
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@np ooops i didnt raed that he was pointing someone else, thanks for correct me
of course pakistan can offer to china lot more than india india cannot hand over an entire sea port to china neither can india hand over entire highways and bordertowns to china
Pakistan can give china the following
a) a sea port for supplies to its western provinces plus a channel for their exports b) military counterbalance to india, so it can provoke india without dirtying its own hands c) land route to Iran and CIS states for increasing trade
@Gulam Rasool "Kuldeep sharma": Your response to Cosmo was off-target. Cosmo is Indian and Bewildered is Pakistani. Please review your response in that light.
@Cosmo Three simple answers within 3 seconds 1. SOFTWARES 2. FLUID COMPRESSORS 3. Distillation technology (Recently our company Commissioned a Plant)
As an Indian, I would rather have business with Pakistan than these people. Come on pakistan.
@Bewildered: What exactly do you offer China??? Please help elucidate the offer. I am curious. Or is it what I am thinking about :) Good luck with that offer.
@Bewildered, you need to improve your comprehension skills . Li's goal is to improve china -india mutual trust and cooperation . So how pakistan as a higher than himalayan friend can help in this goal was the question..??!
@antony:
.........."what is the best Pakistan can offer for Li’s goal............."
Pakistan can offer much more to China than what India shall ever offer. Pakistan can offer the entire spectrum of relationship, all the way from Gwadar in Baluchistan for the deeper than the sea relationship, to entire Gilgit Baltistan for the higher than Himalayas relationship.
@antony:
"what is the best Pakistan can offer for Li’s goal after all Li’s friendship is higher than himalayas and deeper than outer space"
You need to think hard, if you can, what Pakistan offers which is more in worth than the US $30 billion benefit India provides to China in a year through trade. If this creates heart burns, that is quite understandable.
Great movie ashok. Every day read reviews about it ET articles! Bu surprisingly it was not released in China!! :)
If li said this "The purpose of my current visit to India is three-fold – to increase mutual trust, to intensify cooperation and to face the future,” what is the best Pakistan can offer for Li's goal after all Li's friendship is higher than himalayas and deeper than outer space.. So pakistan for its all weather friend's goal of intensifying mutual trust between china and India is willing to offer something tomorrow to Li. Lets watch this space.
Hmm...smart Chinese, first Business with India and then to entertainment, watching a play called 'Greater than Himalayas, sweeter than honey" in Pakistan :-)