Modi met Then Sein at the Presidential Palace here shortly after his arrival at the Nay Pyi Taw international airport where he was given a guard of honour and greeted by young boys and girls in traditional costumes. He was welcomed by Myanmar's Health Minister Than Aung.
After his 45-minute meeting, Modi tweeted that he had a "very good" meeting with President Thein Sein. "We had extensive discussions covering various aspects of our bilateral relations," he said.
Ministry of External Affairs spokesman Syed Akbaruddin posted on his Twitter account that the two leaders had "comprehensive" discussions and reviewed all aspects of bilateral ties.
"Connectivity, commercial ties and cultural bonds figured in talks with President Thein Sein," he said, as India seeks deeper economic engagement with southeast Asian nations.
The Prime Minister earlier on landing had tweeted, "Landed in Nay Pyi Taw, Myanmar to a very warm welcome! Great being in this beautiful country," Modi tweeted on his arrival.
Besides participating in the ASEAN-India summit and the East Asia Summit here and at the G20 summit in Brisbane in Australia, Modi is due to have several meetings with world leaders on the sidelines of these international events.
"Summits, important bilaterals, meeting over 40 world leaders," he tweeted as he left New Delhi by a special Air India plane.
On the sidelines of the international summits in Myanmar, Modi will be meeting Russian President Dmitry Medvedev, South Korean President Park Geun-hye and Singaporean President Tony Tan besides meeting the host President Thein Sein, Indian officials said.
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