Wang told newspersons that India and China were on the verge of inking an agreement on visa simplification.

"We have reached an agreement on visa simplification.. and hope it can be inked soon as possible for greater people to people contacts."

He said China needs to invest more in India, in the field of infrastructure and general manufacturing, which would bring "big benefits to the people and achieve common development" for both countries.

On the festering boundary issue, the Chinese minister said it was an issue "from history", but Beijing is "ready to properly handle" it "leading to a final settlement".

He said both China and India have succeeded in maintaining peace and tranquillity on the border, which he described as "hard won achievement".