"This is a huge milestone in the history of Indian cricket. India has been a very important member of the ICC with its rich heritage and great following for the game," Manohar said.
"India has produced world-class players who have entertained fans the world over. I congratulate the BCCI on this historic occasion and I'd like to thank the BCCI for their kind invitation to share in the celebration. The ICC wish its team all the best for this 500th Test and in the years to come," he added.
Meanwhile, on the field, India off-spinner Ravichandran Ashwin will work towards regaining the number-one spot in the MRF Tyres ICC Player Rankings for Test Bowlers in the three-match series.
Third-ranked Ashwin, who held the top spot for a fortnight at the end of 2015 and again for a week in July this year, starts the series just 19 points adrift of top-ranked Dale Steyn of South Africa and 11 points behind England's James Anderson.
More From This Section
Ashwin has also been the top-ranked all-rounder since overtaking Bangladesh's Shakib Al Hasan in December last year.
Left-arm spinner Ravindra Jadeja too has an opportunity to gain important points on home pitches to better his eighth position, while for New Zealand, left-arm pace bowler Neil Wagner will be leading a pack of pace bowlers ready to take the challenge of slower pitches in India.
New Zealand captain Kane Williamson is best-ranked from either side in third place with 876 points, just two points behind England's Joe Root in a list led by Australia captain Steve Smith with 906 points.
India's Ajinkya Rahane is the other batsman in the series inside the top 10 in eighth position, while experienced New Zealand batsman Ross Taylor (14th) and India captain Virat Kohli (16th) will be aiming to break into the top 10.
India will be targeting to seize back the top spot in the MRF Tyres ICC Test Team Rankings from arch rival Pakistan by winning the series against New Zealand.
A 1-1 series draw will result in India dropping to fourth position on 108 points and New Zealand rising to fifth spot on 97 points.
If New Zealand is able to edge India by 1-0 or 2-1, it will move to fifth position at 100 points with India one slot ahead on fourth position with 104 points. New Zealand can overtake India to take fourth position only with an improbable 3-0 win.