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Dubai exodus turns succour for staff-short Indian companies

Views 4 Views    Comments 0 Comments    Share Share    Posted 01-12-2009  
The ongoing crisis in Dubai may just prove to be a boon for the Indian infrastructure sector that is on a hiring spree and scouring the world for top and middle-level talent. The infrastructure sector, which includes construction of roads, highways, ports, airports, real estate, transportation, mining, steel, power and telecom, is witnessing a manpower shortage. Many Indians trying to flee the crisis-hit Dubai for the safety of home are likely to land on the red carpet rolled out by local firms such as Larsen & Toubro and GMR.

A large number of people from unskilled construction workers to senior executives trying to relocate from the sheikhdom may find suitable positions with these firms, according to executives with headhunting firms that have been receiving a flurry of applications from Dubai.

Many of these applicants are working with real estate firm Nakheel, Arabian Construction Company (ACC), Damac Properties, Emaar, Petrofac and Standard Chartered.

“We have received more than a dozen CVs in the last threefour days from the Middle-East , mostly from Dubai. Most of these resumes are of people at senior positions in real estate firms, while some are from financial services and retail,” said Uday Chawla, managing partner at Delhi-based executive search firm Transearch International.
Earlier, his firm would get around 2-3 such resumes in a month. “There is clearly an increased interest among Indians working in the UAE to come back. However, most of them could just be readying a plan B,” he said.

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