Ram Buxani - Rags To Riches From Dubai ...

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Ram Buxani - Rags to Riches from dubai ... Oct 13, 2009
When Ram Buxani came to Dubai 45 years ago, it was an obscure trading outpost under the thumb of Imperial Britain that he couldn't even find on the map.



Now one of India's most successful overseas businessmen and a pillar of the Indian community in the United Arab Emirates, he says he is proud to live in a high-tech metropolis whose rags-to-riches story matches his own.

"I don't think I could have located Dubai on a map," he says in his best-selling autobiography Taking The High Road. "Dubai wasn't a well-known destination in those days. It was yet to emerge as the El Dorado where you could make money.

"There was no water, no airport, no electricity, no roads, no telephone, and there was no oil. Even flour for bread from the market had ants moving in it, and you had to live in heat of 50 degrees," adds the jovial Buxani, now in his 60s.

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The book has been welcomed in the local media as a contribution to the largely unwritten history of Dubai's stunning transformation over the last three decades into a hip city of skyscrapers, commerce and tourism.

It also recounts how -- like more than a million other Sindhis who fled south Pakistan -- Buxani's family was reduced to penury and refugee status during the partition of the subcontinent, wandering the new India in search of a new beginning.

Then at 18 he made the fateful decision to come to Dubai.

Indians were taking advantage of import-export openings in Dubai, a British protectorate which used the Indian rupee as legal tender. One firm, run by Sindhis, offered him a job. After a five-day boat trip from Bombay he arrived in the Gulf.

"Now Dubai is booming, it's a wonderful place to live -- 40 years ago it was not a wonderful place to live," he said in an interview at the offices of ITL-Cosmos Group where he is executive vice-chairman.

LITTLE INDIA

Buxani was one of the first of hundreds of thousands of Indian migrant workers who Dubai's rulers invited to transform the port town into today's shining modern city.

Indeed, in the rush to modernity the indigenous Arabs have made themselves a minority in their own country -- around 15 percent of a population of some four million. Indians and Pakistanis make up the bulk of the expatriate community.

Today, wandering through the sprawling market districts of Deira or Bur Dubai, you could be forgiven for thinking you were in downtown Bombay or Calcutta. Even shop names are written in Urdu or Hindi, which rank alongside Arabic and English as the major tongues of the UAE's grand multicultural experiment.

But there's a catch. Even long-term residents have no voting rights in the UAE, a federation of Gulf emirates set up in 1971.

"I feel that I belong here, but on the other side, whether the country thinks it too is a different story," Buxani said.

Alarmed by the rising ratio of expatriates, who are attracted by tax-free salaries, clean living and urban order, the authorities started an "Emiratisation" drive to employ UAE nationals and encourage them not to marry foreigners.

"There have been certain compromises, such as that we cannot express many things very openly, but that goes with the policy of the country...It's give and take," Buxani said, referring to the desire of long-term foreign residents for nationality.

"The fact they have opened the place to so many expatriates who outnumber the local people -- that in itself is showing a lot of tolerance," he added.

UAE ECONOMY

In his book, Buxani says Dubai's liberal economy gained from India's failed post-colonial socialism, saying he admires the UAE model of attracting local and foreign private investment.

Dubai's prosperity today is bringing even more Indians, from an army of construction workers to business executives.

But they have less attachment to Dubai than those who grew up with the evolving city, Buxani said.

"I came to make my living. At that time people did not come to share the prosperity because that prosperity was not there," he said. "Now people who come are attached to the prosperity and if they feel there is a shaky situation they may leave."

Though Buxani says he's worried about the future of Indian Sindhi language and culture, Dubai remains the refugee's home.

"We have no place we can say is our own. We are refugees and continue to be refugees," he said. "I feel I belong here...this country has given everything any country would give."


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funmantra
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Oct 20, 2009
What's your point dude. There are many tycoons in the Middle East from many predominant nationalities. The local Gulf people have so much undeclared wealth they did oust this guy. Wouldn't bother reading the memoirs of another migrant making it rich in dubai because there are so many spread across many nationalities !

And speaking of amassed wealth, Iranians, handful of Lebanese and a few Sindhis have it too in dubai.

This guys's migrant story isn't as great as this billionaire's for example. He wanted to buy Debenhams for a quarter of a billion. Don't know what happened to that deal:
The World's Billionaires
#462 Micky Jagtiani
Residence: Dubai , United Arab Emirates
Industry: Retailing
Education: Drop Out
Founder and chairman of Dubai's Landmark Group, a retailer with over 600 stores and 10 original brands of apparel, home furnishings and electronics. Drove a taxi in London before moving to Bahrain and starting baby products shop in 1973. Since expanded beyond Gulf to India, Pakistan, China and Spain.

And suprisngly the richest woman in the Arab world is a Sindhi :
The 100 Most Powerful Women
#97 Vidya Chhabria
Chairman, Jumbo Group
United Arab Emirates
godsent
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Oct 21, 2009
Vidya Chhabria is either the widow or daughter of Late Manohar (?) Chhabria who started Jumbo Group, so she is the richest by inheritance....
BlackburnRovers
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Re: Ram Buxani - Rags to Riches from dubai ... Oct 21, 2009
funmantra wrote:. Even shop names are written in Urdu or Hindi, which rank alongside Arabic and English as the major tongues of the UAE's grand multicultural experiment.



Thats an absolutely false statement.

I have not seen a single shop sign ever in Hindi, even in hardcore Indian areas like Karama.
Maybe 1 or 2 shops have had stickets in Hindi, but shop signs? I dont think so...
BlackburnRovers
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