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Chinese Premier Li Keqiang met his Indian counterpart in Kuala Lumpur on Saturday.
Bilateral trade in 2014 increasing by over 20 per cent to $11.42 billion.
Singh, in Beijing, also suggested that India should emulate a Chinese model university on security and policing.
The IBSA Fund aids projects in least developed countries.
Modi stressed the common goals of both countries to power the future of their relationship.
India hopes trade with the UK, which retreated 10 per cent in the past year, will pick up again.
India received FDI of $19.39 billion in the April-June period, according to government data.
Indian Railways will have 26% equity and provide land while the global players will have 74% equity in each of the plant.
The results cast a shadow over the prospects of Mr. Modi's party reaching stronger numbers in the parliament to push planned reforms.
The summit, which kicked off on October 26, culminates on October 29 with a meeting of heads of state.
