India never a better investment destination than today: PM Modi

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Erdogan also said he believed India would take steps to expel the domestic network of Muslim cleric Fethullah Gulen, who Ankara accuses of orchestrating a failed coup in July.

Bilateral trade between India and Turkey previous year stood at $6.5 billion, of which Indian exports accounted for almost $5.8 billion and Turkish exports to India amounted to only $652 million. "We agreed that no intent or goal or reason or rationale can validate terrorism", the prime minister said.

Indian Prime Minister Narendra Modi said Monday that India and Turkey should strengthen their already warm business and political ties, as he welcomed Turkish President Recep Tayyip Erdogan to New Delhi. "Terrorists will be drowned in the blood they spill", he said and cited a quotation from Mahatma Gandhi to make his point.

Recep Tayyip Erdogan also attended a business event with PM Modi in New Delhi.

Ahead of his visit to India, Mr Erdogan, in a television interview, suggested a "multi-lateral dialogue" on Kashmir, offering to mediate between the India and Pakistan.

"So if we keep dialogue channels open, we can settle it once and for all". "They (countries) also need to stand and act against those who create, support, shelter and spread terrorism", PM Modi said.

The remarks are contrary to the position of India, which maintains that the Jammu and Kashmir issue is a bilateral matter between it and Pakistan, and that there is no scope for a third party mediation.

West Bank clashes: Dozens of Palestinians injured
Stores were closed and roads empty across the West Bank, the Palestinian territory occupied by Israel for 50 years. There are approximately 6,500 Palestinians in Israeli prisons, according to Israeli human rights group B'Tselem.

Asserting that India and Turkey share great historic and cultural bonds, PM Modi said present economic and commercial relations are not enough against the real potentials of both the nations.

"Our bilateral trade turnover of around 6 billion dollars does not do full justice to convergences in our economies".

He called on the chambers of commerce and industry of both sides to engage with each other pro-actively and work closely, both at the government and B2B levels.

In his view, transition to settlements in trade in Turkish liras and Indian rupees will have a positive impact on the economy of the two countries.

This is Erdogans first foreign tour after winning a controversial referendum on April 16 that further consolidated his executive powers.

Erdogan arrived late Sunday evening.