Dubai won't let you down, says Ram Buxani

Dubai - If businesses shift from orthodox methods, they can run into trouble, says chairman of ITL Group

Published: Wed 4 May 2016, 6:48 PM

Updated: Wed 4 May 2016, 8:54 PM

By
Deepthi Nair

Dubai will not let anyone down, says Ram Buxani, chairman of ITL Cosmos Group. Coming from a veteran NRI who arrived in Dubai at the age of 18, his advice is precious for young entrepreneurs.

"Dubai is known for its dunes. The economy too experiences ups and downs. People should accept change and adapt themselves. All problems you see today are a result of greed. If businesses shift from orthodox methods, they can run into trouble," says Buxani.

Commenting on growing UAE-India trade ties, he says: "The trade increase between India and the UAE is a natural phenomenon. Around 2.6 million Indians live in the UAE. They contribute to demand for Indian merchandise. Dubai always considers its target trade market to be 1.6 billion, including India, Sri Lanka, Pakistan and Bangladesh. Similarly, India should also consider Dubai as a window to the world market."

Praising the UAE, Buxani adds: "Things in India are more difficult than they are in the UAE since this is a small country with no bureaucracy and corruption."

- deepthi@khaleejtimes.com