Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu on Sunday attended a ceremony at the Teen Murti Memorial in New Delhi to mark the renaming of Teen Murti Chowk as Teen Murti Haifa Chowk.
The two leaders also laid a wreath and signed the visitor's book at the memorial.
Netanyahu, who arrived on a six-day visit to India on Sunday, was received by Modi.
The three bronze statues at Teen Murti represent the Hyderabad, Jodhpur and Mysore Lancers who were part of the 15 Imperial Service Cavalry Brigade.
The brigade carried out the victorious assault on the fortified city of Haifa on September 23, 1918, during World War I.
The liberation of Haifa cleared a supply route for the Allies to the city through the sea.
Forty-four Indian soldiers made the ultimate sacrifice during the liberation of the city in World War I.
Till date, the 61 Cavalry celebrates September 23 as its Raising Day or "Haifa Day.