Modi's remarks come ahead of his scheduled visit to the Jewish state and assume significance in the backdrop of growing proximity between India and Israel.
However, visiting Palestinian President Mahmoud Abbas said that a sovereign state of Palestine should be built according to the pre-1967 borders and include East Jerusalem as the capital.
Some of the significant ones are on visa exemption on diplomatic and official passports, IT and electronics and agricultural cooperation among others.
Abbas commended India's longstanding policy of supporting the Palestinian cause in worldwide forums since the time of Mahatma Gandhi, affirming that India could play an instrumental role in this regard.
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He also spoke to Modi about his conversation with US President Donald Trump, when he visited Washington last month, with Russian President Vladimir Putin and German Chancellor Angela Merkel.
India-Israel ties have in the meantime soared with the two nations working closely in areas like defence, IT, agriculture, water conservation and recycling.
A top Palestinian official marked Nakba Day - an annual commemoration of the expulsion of residents during Israeli independence almost 70 years ago - by demanding an apology from Jewish leaders. "Sushma Swaraj calls on Abbas", Baglay said.
There is also a continuous channel of communication that India wishes to keep open with Palestine through a joint commission set up by junior foreign minister MJ Akbar.
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"At the bilateral level, India is committed to be a useful development partner of Palestine".
Palestinians commemorated the 69th anniversary of the "Nakba", the "day of catastrophe" in which Israel was officially declared a state following the forced removal of more than 750,000 Palestinians from their homes and the destruction of over 500 villages and towns.
And as we stated in a recent press release, if Trump takes serious action to pursue a viable Israeli-Palestinian peace deal, APN will leverage its influence and experience to support him. "The agreements concluded today are reaffirmation of our intent to strengthen cooperation in this direction", Modi said.
Abbas also condemned terrorism in all its forms and manifestations and voiced support for all regional and global efforts to fight this menace. In October 2015, India announced grant of $12 million for setting up the park with payment of $3 million each on half-yearly basis for two years. "He will also visit India Islamic Cultural Centre in Delhi".
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Barghouthi, the statement added, has said that the Israeli regime must agree to all of the demands made by hunger strikers under his leadership without bargaining or making compromises.