He expects Turnbull's visit to the country ends up as productive as Smith's batting form during the recent Test series.
Prime Minister Narendra Modi focussed in the peace and stability the region stating that issues terrorism and cyber security and said that such challenges went beyond national boundaries of their regions and have to be dealt with mutual cooperation.
These agreements were inked after the two sides held comprehensive discussions on bilateral, regional and worldwide issues of mutual interest and concern.
His predecessor, Tony Abbott had visited India in September 2014 and this was followed by Modi's visit to Australia in November that year. Both leaders agreed that India and Australia share common interests in safeguarding safety of sea lines of communication and maritime security.
Noting that "alongside China, India is a land of huge opportunity for Australia", Turnbull said, "With a growth rate at more than 7 per cent annually, the Indian economy could be as large as that of the United States by 2050".
Turnbull arrived in New Delhi on Sunday on a four-day visit, his first to the country after assuming office in 2015.
And, therefore, require global strategy and solutions, ' Mr Modi said. Our maritime exercises and exchanges have been productive.
PM Turnbull also announced that his country has made a decision to join the International Solar Alliance put together at PM Modi's initiative.
"Australia will work more closely with India to forge stronger ties".
"Now we are working with India to secure timely conclusion of a quality Regional Comprehensive Economic Partnership, the RCEP, which would provide a significant boost to regional confidence".
The two ministers also launched "International Trainers and Assessors Training Courses", a joint initiative between the Government of Australia and the National Skill Development Corporation (NSDC).
While Modi thanked Turnbull for passage of a legislation by the Australian parliament with bi-partisan support paving way for the country to export uranium to India, Turnbull said he was looking forward to starting the supply "as soon as possible".