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Conares bets big on Dubai's infrastructure growth
Bharat Bhatia
Dubai - New wave of infrastructure developments will support steel demand, says Bharat Bhatia
The manufacturer is one of the biggest privately owned steel-making companies in the UAE.
"Steel is needed in the development of infrastructure and real estate. I am not seeing a slowdown in steel demand as compared to last year. If I compare Q1 2016 to the corresponding period last year, our business has gone up by 30 per cent," says Bhatia.
The chief executive is also upbeat on investing in India.
"I have been in the UAE for 33 years. Under Modi's new regime, I have been planning to invest in the Indian manufacturing sector. All these years, we have been manufacturing in Dubai and the UAE since we have all the comforts. At the moment, we are hearing positive things from India. If the UAE and India achieve $100 billion in bilateral trade, it will present opportunities for cross-border investment."
- deepthi@khaleejtimes.com
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