CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: The UAE office will be established as a wholly-owned subsidiary of Primus Partners India, marking a significant step in expanding its footprint into international jurisdictions under the aegis of Mr. Nader Haffar as Director. With over 30 years of experience in professional services and management consulting across global, regional, and local markets, Mr. Haffar brings a wealth of knowledge and expertise to his role.
The establishment of the new office aligns with the recent MoUs (Memoranda of Understanding) signed between India and the UAE, covering crucial areas such as bilateral trade, energy cooperation, infrastructure development, cultural exchange and people-to-people initiatives. Furthermore, the recent enactment of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) has created a robust framework for future collaboration between the two nations.
Honourable Prime Minister Modi’s 7th visit to the UAE has been instrumental in laying the groundwork for these significant trade interventions. As of FY2022-23, the UAE was India’s third-largest trading partner and second-largest export destination. India is the UAE’s second-largest trading partner, with bilateral trade reaching US$85 billion. These developments are poised to drive the two countries towards the ambitious goal of US$100 billion in bilateral trade, potentially achieving this milestone well before 2030.
Nilaya Varma, Co-founder & CEO of Primus Partners, stated, “Expanding into Dubai represents a pivotal step in our strategic vision to forge deeper, more impactful partnerships in the region. As UAE increasingly asserts its role as a major player in the global economy, we see tremendous potential to drive innovative solutions and thought leadership within this market. This expansion enhances our ability to deliver tailored, high-value services to clients and positions us to capitalize on emerging opportunities across segments. Moving ahead, the focus will be on leveraging our presence to spearhead transformative projects and solidify our role as a leading advisor in the region.”