Modi also invited Israeli defence companies to India for co-production in the sector.
India and Israel will strengthen the existing pillars of cooperation in areas such as agriculture, technology and security, Modi said at a joint media event with Netanyahu.
On his part, Netanyahu described Modi as a "revolutionary" leader.
"You are revolutionising India and also relations between India and Israel," Netanyahu said, addressing Modi.
Apart from a pact on cyber security, the agreements included cooperation in the oil and gas sector, film-co- production as well as amendments to an air transport pact.
Netanyahu, who arrived here yesterday, will also visit Ahmedabad and Mumbai during his six-day stay in India.
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