He will replace incumbent Army chief General Aziz Ahmed, who is set for his normal retirement from the date of his successor's appointment.
Gen Naravane said that 59 contracts worth Rs 21,000 crore have been concluded since last fiscal while a number of other capital acquisition proposals are in the pipeline.
The visit comes less than two weeks after Prime Minister Narendra Modi travelled to the neighbouring country.
He was delivering a lecture on 'Developments along the Western and Northern Borders and their Impact on the Future Road Map of the Indian Army' at Defence Services Staff College in Wellington.
General Naravane described the Pangong disengagement as a win-win for both sides, adding it was achieved as all the organs of the government worked in tandem.
Bhim Army chief Chandrashekhar Azad said farmer leader Rakesh Tikait is the 'pride of western Uttar Pradesh' and he would fight shoulder-to-shoulder with the farmer leader.
The visit by the Army chief is seen as a reflection of India's growing strategic ties with the two countries and is expected to further open up new avenues.
"We extend our full support to our farmers. We are with them in this fight," he said.
To woo Foreign Direct Investment, nation must be secure from external, internal threats: Army Chief Bipin Rawat
Rawat said that the economic development in India, military modernisation and the existence of the armed forces have to go hand in hand.
Pakistan, China behind influx of people from Bangladesh into Northeast: Army Chief General Bipin Rawat
Referring to reports of increase in Muslim population in several districts of Assam, the Army Chief also talked about Badruddin Ajmal-led AIUDF in the state, observing that its growth has been faster
Army Chief Bipin Rawat, Foreign Secretary Vijay Gokhale, NSA Ajit Doval make rare visit to Bhutan, discuss Doklam strategy
Sources said that the two sides reviewed bilateral security and defence cooperation with focus on China's increasing military posturing and infrastructure development around the Doklam plateau.
The Indian Army chief's remarks come in wake of recent media reports about China apparently taking control of the northern side of the Doklam Plateau.
The army chief said that of late, politicisation of the military has been taking place when it shouldn't be happening.
In an apparent reference to Pakistan, Rawat said that how the "neighbouring country" deals with terrorist organisation is their matter "but we will keep raising this".
General Rawat said there had been a disengagement of troops of both countries in Dokalam, where the two sides were locked in a stand-off that ended in August.