External Affairs Minister Pranab Mukherjee said India not signing NPT does not mean it is part of the nuclear arms race.
Though Mukherjee did not specify a date for the naval exercise, sources told PTI that it will be held in April.
On Saturday, North Korea's nuclear envoy Kim Kye-gwan said Pyongyang would not shut down its main nuclear reactor until all of the frozen funds were released.
China's largest steel producer, Shanghai Baosteel, has set its eyes on Baotou Iron & Steel Group after global steel baron, Lakshmi Mittal's bid for a 50 per cent stake in the Chinese company faltered.
He cited the US-backed regime changes or "colour revolutions" in former Soviet Republics like Georgia, Ukraine and Kyrgyzstan as events that could have an impact on China's security calculations.
China, in 2007, will strive to reduce its bulging trade surplus to ensure the sustained development of its economy and foreign trade, senior Chinese leaders today assured the Communist trading giant's major trading partners, including India.
A third Chinese airline company, China Southern, will launch direct flights to India this year to tap the increasing traffic potential arising out of booming bilateral trade.
The parties agreed to the provision of emergency energy assistance to North Korea in the initial phase, and aid equivalent to 50,000 tonnes of heavy fuel oil will also commence within 60 days, the statement said.
The statement hinted at China's eagerness not to upset the United States, with which it want to maintain good relations.
Global consulting and IT giant Satyam Computer Services on Thursday announced plans to launch its largest global delivery campus outside India in the eastern Chinese city of Nanjing
Buddhism, which spread from India to China 2,000 years ago, will play a new role in cementing Sino-Indian friendship and enhancing cultural contacts, China's top religious official has said.
The last phase of talks recessed in December 22 last year after five days of negotiations which yielded no progress with North Korea insisting on removal of the economic sanctions imposed by the United States.
China has launched the world's first fourth-generation (4G) mobile communication system in Shanghai.
The ninth round of Special Representative-level parleys would be held in New Delhi from January 17 to 18
Chinese experts on international studies warn that the strengthening of the US-Japanese alliance is targeted at China and would further complicate the nation's security environment.
China's trade surplus with India is set to cross the $4 billion mark this year enabling the Communist trading giant to enjoy a favourable trade balance for the first time in Sino-Indian bilateral trade.
China and Taiwan split in 1949 at the end of a civil war but Beijing still claims the self-ruled island as part its territory.
"The message of the Friendship Year has been that our millennium friendship needs to be actively harnessed for realising the full potential of our bilateral relations."
Pyongyang agreed in principle to dismantle its nuclear weapons at the September 2005 round of talks but boycotted the meeting following US financial sanctions imposed on the reclusive Stalinist state.
Earlier, China had stated that the N-deal 'smacked of double standards'.