The award recipients Modi met are Eliyahu Bezalel, Sheikh Ansari and Dr. Lael Anson Best.
"Since 1992 there has been a growing relationship between Israel and India but it was under Prime Minister Modi that the relationship has really blossomed", Ambassador Dore Gold, former director general of Israel's Foreign Ministry told CNN.
"I hope the Ministry of External Affairs has done its homework".
Modi said Israel was a nation that had "marched on regardless of adversity and converted challenges into opportunity".
Dawn's commentary tried to draw parallels between Israel's "atrocious behaviour" towards the Palestinians, India's towards Kashmiris. "We're talking about also cooperation in third countries and actually working together to better the future of the people of Africa", he said.
"I am confident that the strength of these links ... will hold us in good stead as we forge a partnership for the 21st century", he added.
The two leaders addressed the media after one-on-one and delegation level talks.
Khurshid reiterated that till the time issues of Palestine are not resolved, India can not endorse Israeli policy.
The packed schedule also included a visit July 4 to Israel's Yad Vashem Holocaust memorial, but no meetings with Palestinian officials have been planned.
Before PM Modi's speech, Mr Netanyahu had said the Jews, "love India, they love Israel, they love our friendship". This year, both countries are marking the 25th anniversary of establishment of full diplomatic ties. The Rosenbergs and Samuels have also been invited to meet the prime minister.
During the visit, he will engage with a cross section of Israeli society.
The two leaders recognised that terrorism poses a grave threat to global peace and stability and reiterated their strong commitment to combat it in all its forms and manifestations, a joint statement said.
Dawn noted that the Indians have come a long way from their past policy regarding Israel and Palestine. The trip will focus on "Expanding business and investment collaboration on the ground".
"This is the final resting place for 44 of the Indian soldiers who sacrificed their lives during World War I to liberate the city", Modi had said before visiting the site.