To a question, Lavrov dismissed the possibility of any future military alliance between Russia and China and asserted that the cooperation between the two countries was not directed against anyone.
Referring to bilateral defence ties, Lavrov said Russia was ready for transfer of cutting edge technologies and production of weapons systems in India.
"I am sure deepening of military cooperation serves national interests of both the countries. At the same time, we respect the right of the Indian friends to diversify ties in this area," he said, while describing the outcome of the talks as "satisfactory".
Without elaborating, Jaishankar said, "Our defence sector requirements in the past year were expeditiously addressed."
The Russian foreign minister arrived here on Monday evening on a nearly 19-hour visit amid apparent unease in Moscow over the proactive approach of the Quad member nations, including India, in dealing with geo-political developments in the Indo-Pacific region.
Lavrov is travelling to Islamabad from India On Tuesday evening.
"Of course none of you would be surprised to learn that the discussions were very warm, they were comprehensive and they were very productive," Jaishankar said in his media statement.
He said both the countries understand the importance of the India-Russia relationship to global peace, security and stability and that the review of the bilateral ties was "really encouraging".
"I shared our view-point on the Indo-Pacific. As our prime minister pointed out at the Shangri-La Dialogue some years ago, contemporary challenges require countries to work together in new and different ways," Jaishankar said.
"Such cooperation also reflects the multi-polar and rebalanced character of global politics. India is strongly committed to ASEAN centrality and this is underlined by the Indo-Pacific Oceans Initiative (IPOI) that it has been advocating at the East-Asia summit," he added.
The 10-nation grouping of Association of Southeast Asian Nations (ASEAN) is a key stakeholder in the Indo-Pacific region.
Russia has been critical of the Quad grouping that has been aimed at ensuring a free and open Indo-Pacific against the backdrop of China's growing assertiveness in the region. Quad comprises India, the US, Japan and Australia.
The Russian foreign minister referred to the Indo-Pacific as Asia-Pacific and said both sides highlighted the need to preserve the central role of ASEAN in the region.
He also highlighted the need for interaction among Russia, India and China under the existing trilateral framework.
In the press conference, Lavrov dismissed suggestions of any future military alliance between Russia and China.
"By the way, we have heard speculation about pro-military alliances not only with respect to Russia and China relations, we have also heard about such alliances allegedly being promoted such as Middle East-NATO, Asia-NATO. Today we exchanged views on this and our Indian friends have the same position as we. We believe this is counter-productive," he said in Russian.
"We are interested in inclusive cooperation that is for something, not against somebody," Lavrov said.
Jaishankar said some time was spent on discussing developments in and around Afghanistan.
"For India, what happens in Afghanistan impacts its security directly. I shared our approach that a durable peace there would require harmonising interests of all, both within and around that country," he said.
"The peace process must be based on foundational principles to which we all subscribe. And a political solution should mean an independent, sovereign, united and democratic Afghanistan," he said.
Jaishanar said there were discussions also on trade and investment.
"We note the appetite for greater investments in each other by both countries. Russian support for our Gaganyaan programme has progressed which we deeply appreciate," he said.
"Time-tested is a frequently used and clearly justified description of India-Russia relations. Though the world has changed in the last seven decades and there have been different governments at both ends, our ties, I am sure Minister Lavrov would agree, have remained uniquely strong and steady," he said.
He said the longstanding partnership in nuclear and space sectors too figured in the talks.
"Our rapidly expanding energy cooperation that now includes long-term commitments was also on the agenda."
Lavrov said both sides agreed on the need to galvanise work on renewed intergovernmental agreement on mutual security of investments and settlement of issues relating to national currencies.
"We have to launch as soon as possible talks on the free trade pact between India and the Eurasian Economic Union based on mutual benefit," he said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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