Xi also appeared to take a reconciliatory tone when he, without directly referring to the recent Dokalam standoff with India, underlined that "peace and development" should be the underpin to resolve issues as the world does not want "conflict and confrontation."
"We the BRICS countries should show our responsibilities to uphold global peace and stability," he said.
According to officials, the two leaders are scheduled to hold a meeting on September 5 on the sidelines of the 9th Brazil-Russia-India-China-South Africa (BRICS) Summit. After the bilateral with the host, Modi will be travelling to Myanmar on a bilateral visit.
The Chinese and the Indian troops were in a standoff position for nearly 73 days since June 16 when the Indian side stopped construction of a road by China's army.
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On August 28, external affairs ministry announced that New Delhi and Beijing have decided on "expeditious disengagement" of their border troops in the disputed Dokalam area.
Xi, while inaugurating the BRICS business council, also called on BRICS countries to take a constructive part in the process of resolving geopolitical "hotspot issues" and make due contributions.
India is also expected to raise its concerns over terrorism at the BRICS Summit, with Modi asserting that the grouping has to make important contributions in upholding peace and security, and address global challenges.
Asked about China's comments that it will not be appropriate to discuss Pakistan's counter-terrorism records at the BRICS summit at Xiamen, External Affairs Ministry Spokesperson Raveesh Kumar said he cannot pre-empt what Modi will say during his interventions at the restricted and plenary sessions of the summit.
"We noticed that India, when it comes to Pakistan's counter-terrorism, has some concerns. I don't think this is an appropriate topic to be discussed at BRICS summit," Chinese Foreign Ministry spokesperson Hua Chunying had said ahead of the Summit.
According to sources, India is expected to flag its concerns over terrorism.
The issue is also likely to find its place in the joint declaration with the Chinese president also saying that he was "convinced that as long as we take a holistic approach to fighting terrorism in all its forms, and address both its symptoms and root causes, terrorists will have no place to hide".
The prime minister had also said he was looking forward to engaging with leaders of nine other countries, including BRICS partners, in an Emerging Markets and Developing Countries Dialogue, being hosted by Xi on September 5.
"We will also interact with the BRICS Business Council represented by captains of industry from all the five countries," he said.