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Singh, in Beijing, also suggested that India should emulate a Chinese model university on security and policing.
The Su-35, the latest-generation Russian fighter, is expected to provide a powerful boost to the Chinese air force.
The latest issue of its magazine also carried a photo of what it said was the improvised bomb that brought down a Russian airliner over Egypt's Sinai Peninsula last month.
The IBSA Fund aids projects in least developed countries.
The "thaw" comes as Western powers realize Russia is a crucial partner in Syria.
The FTA, if implemented, will add an estimated $2.4 trillion to the global economy, says a survey by Pacific Economic Cooperation Council.
Chinese President Xi recently became the first foreign leader who visited the Russian Defense Ministry’s operational control centre.
Putin said that Russian forces would closely work with the French to carry out joint missions.
A bomb had ripped apart a Russian passenger jet over Egypt last month, the Kremlin confirmed.
The US has imposed a number of sanctions on Russia since August 2014.
