New Delhi, Aug. 29 -- India and Japan on Friday moved to a new high in their strategic and economic partnership with the unveiling of over 170 memoranda of understanding in the past two years, representing more than USD 13 billion in fresh investment commitments.

The agreements, consolidated and highlighted during Prime Minister Narendra Modi's visit to Tokyo for the India-Japan Economic Forum on 29 August, underline Japan's growing confidence in India's economic trajectory and its willingness to integrate into the country's industrial and human capital future.

Major Japanese corporations have committed to large projects across sectors. Nippon Steel through AM/NS India will invest Rs 15 billion in Gujarat and Rs 56 billion on an integra...