Addressing the Indian diaspora here at an event which was also attended by Israeli Prime Minister Benjamin Netanyahu, Modi also said that direct flights would be launched between Delhi, Mumbai and Tel Aviv to encourage people-to-people contacts.
He said an Indian cultural centre would also be opened in Israel, fulfilling a long-pending demand of the Indian diaspora here.
He said he had heard about problems being faced by the people of Indian origin in getting the OCI cards.
Modi said the Jewish nation had links with India dating back to centuries but the fact that no Indian prime minister had travelled here in 70 years "raises questions", an apparent swipe at the previous governments of India.
"For the first time in 70 years, an Indian prime minister has landed here to seek your blessings," he said amid chants of "Modi, Modi".
Describing Netanyahu as "my friend", Modi said the kind of welcome extended to him since his arrival here yesterday cannot be forgotten by anyone.
He remembered former Israeli prime minister Shimon Peres, saying he had worked tirelessly for the humanity.
Referring to Moshe Holtzberg, an 11-year-old Israeli who was saved by an Indian nanny during the Mumbai terror attack of 2008, Modi said it had shown how life succeeds over terrorism. He had met Moshe earlier in the day.
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