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The two countries have been developing close ties for years, with President Trump visiting the country for the first time in February.
Prime Minister Modi has tweeted his thanks to President Trump for the offer of the essential medical supplies.
He wrote: “Thank you President Donald Trump.
“This pandemic is being fought collectively by all of us.
“In such times, it’s always important for nations to work together and do as much as possible to make our world healthier and free from COVID-19.
“More power to Indian-American friendship!”
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Trump had previously announced the decision to send the ventilators on Twitter to underline close relations between the two countries.
He wrote: “I am proud to announce that the United States will donate ventilators to our friends in India.
“We stand with India and Narendra Modi during this pandemic.
The United States will airlift 200 mobile ventilators to help Indians combat COVID-19.
One ventilator will cost $13,000 approximately and India will have to pay $2.6 million plus freight charges for all of them.
Trump has also reiterated the two countries friendships and close ties.
At a press conference the same day, he referred to his visit to the country, and described Modi as a “good friend of mine.”
He told reporters: “We are working closely with India.”
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The countries have also begun collaborating in the development of a vaccine.
In the earlier tweet, he also wrote: “We’re also cooperating on vaccine development.
“Together we will beat the invisible enemy.”
Trump said he was hopeful of a breakthrough by the end of this year.
He also announced the appointment of a former pharmaceutical executive to spearhead project, ‘Operation Warp Speed’.
Trump told reporters at Rose Garden: “I just got back a short while ago from India recently and we are working very much with India and we have a tremendous Indian population in the
US and many of the people that you are talking about are working on the vaccine too.
“Great scientists and researchers.”
The US has the highest amount of COVID-19 cases and deaths worldwide, with 1,527,664 and 90,978 respectively.
India has also struggled with the virus, with 95,698 cases and 3,025 deaths.
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