Bilateral trade between the countries now stands at $4.16 billion, excluding military sales, with the scales tipped $300 million in Israel's favor.
"From boosting economic ties to furthering people-to-people interactions, my Israel visit has a wide range of programs", added Modi. Speaking on startup's prospect in India, Isreal Prime Minister Benjamin Netanyahu had once said: "As far as the "startup nation" I think this has a lot to do with entrepreneurial spirit".
In an April visit to Saudi Arabia and a June visit to the US, the Indian prime minister announced greater intelligence sharing with both countries.
The meeting comes after Modi's U.S. visit where he met President Donald Trump and achieved a diplomatic victory after the USA designated Sayyed Salahuddin as a global terrorist. In his visit, Doval extensively discussed the menace of terrorism that has badly affected both India and Israel and this would be the topmost priority in Modi's agenda during discussions with his counterpart in Tel Aviv.
Behind the overt affection and friendship, lies deep political significance as India for the first time has delinked its relationship with Israel from its traditional support to Palestine. However, Modi had only recently met the Palestinian President Mahmoud Abbas when the latter visited India in May 2017.
The defense deals also include purchasing counter-terrorism technology, something that reflects Israel and India's shared security concerns, despite their geographical distance.
Israeli Crysanthumun flower will now be called "MODI", officials here said.
Talking about the vast possibilities of cooperation between the two countries, he said, We can do even more, even better together..
Whereas PM Modi greeted Israel by "Shalom", his Israli counterpart Netanyahu described Modi as his "Dost".
Modi's predecessors were keen not to publicly embrace Israel.
"Aapka swagat hai mere dost", Mr Netanyahu said, adding, "Prime Minister we've been waiting for you a long time, we have been waiting nearly 70 years infact". This visit will kick-start the new era of India's and Israel's diplomatic ties.
"I begin a historic visit to Israel, a very special partner of India's. India and Israel are committed to working together to fight this scourge". If India thinks it's a country of 1.3 billion people and will talk to only those who are equal to us then we will be isolated in the world.
This year in April, India signed a almost USD2 billion contract with Israel for supplying advanced medium-range surface-to-air missile systems or MRSAM.
That this will be Modi's first stop on his visit highlights that one of Israel's key interests in closer cooperation with India is its expertise in agricultural technology.