Ahead of the visit, US President Donald Trump had approved the sale of 22 Guardian MQ-9B drones for India.
Celebrating 25 years of diplomatic relations between the two countries, the leaders further stated, "We are confident that 25 years from now, Indians and Israelis will look back on this visit as the first of many historical milestones that we reached together in the great friendship between our peoples".
The state department has "issued the DSP-5 Guardian export licence" for India, PTI quoted an official source as saying.
Cooperation in space has been ongoing quietly and Israel has used ISRO's launch vehicles for some of its satellites.
Prime Minister Netanyahu will also accompany his Indian counterpart to all events during his historic visit to the country between July 4 and July 6.
Modi will not travel to Ramallah during his visit, the seat of the Palestinian Authority, breaking with customary protocol where leaders maintain a balance in political ties. "Given our orientation of our policy, we need to have better and stronger relations with Israel", says Hardeep Puri, formerly India's representative to the UN. Even before these ties were formalised, Congress led government had approached Israel for military know how during the 1962 war with China, 1965 war and in 1971 with Pakistan.
"Israel has high manufacturing costs which are prompting their firms to send over small raw diamonds to India for processing", Praveen Shankar Pandya, Chairman of Gems and Jewellery Export Promotion Council said.
PRH India added that PM Modi hopes to befriend the students through the book and support them while they prepare for their exams.
Kapoor told the Indian Express that India could learn a lot from Israel about water, as it transitioned from water deficit to surplus and now sells water to the neighbouring Jordan. He talked about his visit to Israel as one that will mark a "turning point" in bilateral ties. With this MoU, the two governments aim to put water conservation on the national agenda in India. Another contract for Spike anti-tank missiles is also said to be in the pipeline.
He lauded Israel for transforming itself from being a water-deficient country to a water-surplus country and hailed its other unbelievable accomplishments.
PM Modi will also call on Israeli President Reuven Rivlin. I will have in-depth talks with Prime Minister Netanyahu on the full spectrum of our partnership and strengthening it in diverse fields for mutual benefit. "We will take a decision on that after both sides have come to an agreement on Jerusalem", Prime Minister Modi said in response to a question whether India will move its embassy there.
Two countries are also looking to enhance ties in the field of cyber security, an area which has emerged as the new threat. It is also about the successful expansion of Israeli diplomacy away from Europe.
Prime Minister Narendra Modi will address the Assistant Secretaries of IAS-2015 batch here on Monday. "We can expect a continuing of cooperation between India and Israel, not just on defense, but homeland security, pharmaceuticals, information technology, agriculture, and tourism".
India largely depends on Israel for its defence requirements with over $1 billion worth imports coming from Israel.