External Affairs Minister Sushma Swaraj, on a two-day visit, assured the Maldives that India will always be the net security provider to the Indian Ocean archipelago.
However, she stressed that it is also important to insulate both countries from trends towards radicalisation and terrorism.
Noting that there has been an "unnaturally long hiatus" in the meeting of the Joint Commission, Swaraj said, "I bring a message of 'neighbours first' from the Indian government."
In her opening remarks of the meeting, which she co-chaired with her Maldivian counterpart Dunya Maumoon, Swaraj recalled Prime Minister Narendra Modi's message to Maldivian President Abdulla Yameen.
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Swaraj said he would like to reiterate that "India attaches the highest importance to further developing and expanding its relationship with Maldives on basis of mutual trust and sensitivity to each other's interest."
The Joint Commission proposed establishment of a Joint Business Forum and suggested that an investment oriented forum be part of the calendar for 2016.
The Maldivian side reiterated its interest in engaging with private investors in India for iHavan and Hulhulmale Youth City projects, a Ministry of External Affairs statement said.
Swaraj noted that a framework agreement of cooperation signed in November 2011, has empowered the joint commission further and also mandated them to discuss defence and security issues of mutual concern.
"India has always been there for Maldives. I would like to assure you that India will always be the net security provider for Maldives. This is a very privileged relationship," she said adding that this requires to be "handled carefully" on both sides.