Earlier, Prime Minister Modi had earlier said that India shares Myanmar's concern on extremist violence in the Rakhine state and that he hopes that all stakeholders can find a solution, in which the unity and the territorial integrity of the country is maintained, together.
Modi also lauded Suu Kyi for her leadership in the Myanmar peace process and said India fully understood the challenges she was faced with.
Modi's first bilateral visit here comes at a time when the Myanmarese government led by Nobel laureate Suu Kyi is facing worldwide pressure over the 125,000 Rohingya Muslims that have poured into Bangladesh in just two weeks after Myanmar's military launched a crackdown in the Rakhine state.
This is Modi's first bilateral visit to Myanmar.
Modi's visit to Myanmar comes amid a spike in ethnic violence concerning Rohingya Muslims in the Rakhine state.
"Together we will ensure that terror is not allowed to take roots in our country, on our soil or in our neighbouring countries", she said, adding that peace and stability were most important for development. "A new India is being built", said the prime minister adding that an India free from poverty, terrorism, corruption, communalism, casteism is being created.
- India and Myanmar signed an MoU to strengthen maritime security cooperation.
"The issue [Rohingya Muslims] is one of the biggest challenges Myanmar has to face, because you know that the situation in Rakhine has been hard for many decades and infact it goes right back to pre-colonial times", Suu Kyi told ANI. They also kept in touch with their roots, he said.
Modi, in his statement, stressed on scaling up security cooperation, saying that being neighbours, the two countries have similar security concerns. He said that India has made a decision to grant gratis (no-cost) visa to Myanmarese citizens who wish to visit the country.
■ India stands with Myanmar over the issue of violence in the Rakhine state which has led to loss of innocent lives: PM Modi.
■ PM Narendra Modi: We would like to contribute to Myanmar's development efforts as part of our "Sabka saath sabka vikaas" initiative. He had visited the country in 2014 to attend the ASEAN-India Summit.
Later on Wednesday, the Prime Minister will also visit Bagan, a heritage city where the Archaeological Survey of India is involved in restoration work of a temple and some historical structures, and Yangon where he will interact with members of the Indian community.
Earlier today, PM Modi received a ceremonial welcome from Myanmar President Htin Kyaw before the two inspected the guard of honour in Naypyidaw.