NJ Global Invest Limited, a part of NJ Group, one of the player in the Indian financial services and the largest B2B funds platform in India, has chosen DIFC for the establishment of its first Representative Office in the Middle East, as part of its plans for expansion in the region.
Neeraj Choksi, Joint Managing Director of NJ Group, said: "The Middle East provides excellent opportunity in the funds platform space and we want to tap the growth through our first office in this region. It demonstrates our commitment to these markets and our desire to build on the many valued relationships that we have throughout the region. We are delighted to have received the necessary approvals from the authorities at DIFC and look forward to joining other International companies in the major financial center of the Region."
Kalpesh Mehta, Director, NJ Global Invest said, "DIFC was an obvious choice for us when we decided to start an office in Dubai. It provides the gateway to the entire Middle East and will help us expand rapidly in this ever growing region."
Kevin Birkett, Managing Director, Business Development at the DIFC Authority, said: "In a recent survey Dubai was voted one of the top 10 global business destinations where its dynamic business environment and central position between the East and West makes it the preferred location for international businesses looking to expand in the region. In addition, Dubai remains a growth market for global financial services companies in the region. NJ Global's decision to choose DIFC for their first presence in the Middle East is proof of our position as the top financial centre in the region and among the best worldwide. DIFC prides itself on its independent regulatory system, common-law framework, and supportive infrastructure, which makes DIFC's thriving community increasingly attractive to financial institutions. We are pleased to welcome the first office of NJ Global Invest Limited in the Middle East, and look forward to support their business plans."
NJ Global has appointed Sivadeet Baruah as the Principal Representative and Regional Manager for the Middle East. Sivadeet has been associated with the group since past 7 years and have worked in various locations in India and UAE under different profiles. He will be responsible for the office in Dubai and will report to the Directors of NJ Global.