New Delhi, June 28 (IANS) A day after foreign minister-level talks, India Tuesday said it has decided to step up two-way investments in the United Arab Emirates (UAE) and work towards enhancing the profile of their business relations, particularly in the infrastructure sector.

 
 They also decided to hold the meeting of the joint commission on economic cooperation in Abu Dhabi later this year, a ministry of external affairs release said here.
 
 UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan was in India on a two-day visit from Sunday, accompanied by officials and a business delegation comprising corporate honchos of UAE companies having large investments in India.
 
 Apart from his delegation level talks with External Affairs Minister S.M. Krishna, Al Nahyan also called on Indian Vice President Hamid Ansari and Prime Minister Manmohan Singh.
 
 "Al Nahyan welcomed greater Indian investments in UAE, as well as the other way around. Both sides agreed to work together to significantly enhance the profile of India-UAE investment relations, particularly in the infrastructure sector. It was also agreed that the Joint Commission on Economic Cooperation Meeting will be held in Abu Dhabi later this year," the release said.
 
 During the talks, both sides reviewed the current state of bilateral relations and discussed recent developments in regional and international issues.
 
 Al Nahyan also reiterated the UAE’s full support for India's candidature for a permanent seat in the UN Security Council.
 
 Both leaders signed a bilateral memorandum of understanding on periodic political consultations as well as exchange of views on regional and international issues of mutual interest.
 
 India and the UAE have extensive political, economic and cultural ties that are growing rapidly. During 2009-10, India was UAE’s largest trading partner with bilateral trade of $43 billion.