Siddaramaiah invites NRI tycoons in UAE to invest in Karnataka

[email protected] (Shodhan Prasad)
May 2, 2017

Dubai: KNRI Forum-UAE president and chairman of Fortune Group of Hotels, Praveen Kumar Shetty in association with industrialist Ronald Colaco hosted the first ever historical KNRI-UAE Business Meet with Chief Minister of Karnataka Siddaramaiah at Fortune Park Hotel, Dubai Investment Park on Saturday the 29th April, 2017 evening with very many well-known business community Kannadiga invitees along with KNRI-UAE Office bearers which was a successful event hosted with dinner.

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Ronald Olivera as master of ceremony welcomed Siddaramaiah, Ronald Colaco, Praveen Shetty and all the dignified members of KNRI Business Executives to the business meet and elaborated on the event. CM was honoured with flower bouquet by Praveen Shetty and later other distinguished guests, Dr. Arathi Krishna, the Vice President of NRI Forum Govt. of Karnataka, Shri. Govindaraju, Ex-MLA Shri. H. Srinivas, MLA Moideen Bava and other dignitaries were welcomed with flower bouquet. Philanthropist Ronald Colaco was also later welcomed with flower bouquet by Praveen Shetty.

Siddaramaiah later inaugurated the event with the traditional lighting of the lamp along with Ronald Colaco & Praveen Shetty.

Praveen Shetty rendered the welcome speech and thanked all those who have wholeheartedly come to the event and also mentioned special thanks to the CM for accepting his invitation. He also thanked Ronald Colaco for supporting him in this historical event.

Ronald Colaco beautifully introduced Siddaramaiah with step by step chronological narration of a humble person’s true story from his early days to the current position how he ambitiously surpassed with double jump in his career all through and became a leader of the Kannadigas. He then said that he is proud to say that CM Siddramaiah is closely known to him all these years and respected him as a true leader.

The evening continued with introduction of all those invited Kannadiga NRI business community people who one by one introduced themselves to the audience as well as CM who was carefully listening all through.

CM later thanked Praveen Shetty for hosting such an event and thanked all those Kannadiga NRI business people for attending such an event. He then repeated some of his briefings of the previous day’s KNRI-UAE inauguration speech and said that it may educate those who have not attended the historical event. He requoted the words of the famous Kannada poet Kuvempu “Wherever you live, however you live be a Kannadiga anytime – Yelladuru iru, Yenthadaru iru, Yendendigu nee Kannada Vagiru “.

While briefing that Karnataka now has become No. 1 investment friendly state for Indians and also No. 2 as investors friendly state for foreign direct investments, he promised full cooperation and support with legal assistance to all those investors in their ventures in Karnataka.

While welcoming new investors he said that Karnataka government has started the Pravasi Bharatiya Conference which identifies the ‘Varshada Kannadiga’ and honours the identified business man of the year with the award every year.

He also briefed on the NRI Forum, Karnataka’s slogan ‘One State – Many Opportunities’ and said that Karnataka is the IT hub of the world with the state contributing over 40% of the IT Exports of India. He added that the GDP of the state grew at 5.3% v/s 5% of the India GDP and Karnataka is the ideal location for Hi-tech industries like Aerospace, Automobiles, IT & BT. He proudly stated that Bangalore is the Silicon Valley of India and Karnataka is the knowledge hub of Asia. The pamphlet distributed by the NRI Forum Karnataka states that Karnataka ranks 5th in India for growing vegetable crops, it is the largest producer of Floriculture, Spices, Aromatic and Medical Crops & Fruits, is producing 70% of India’s Coffee, 3rd state in India’s Sugar production and major scope for Agri-exports, Animal husbandry, Poultry, Milk & Fisheries in record.

Followed was question answer cession wherein some of the NRI Kannadigas who raised some valuable questions while CM responded politely with acceptance. Hafiz Saifulla, CEO of Zhumino Group of Companies highlighted on the vegetable exports from India which is banned due to the poor methodology. He said that we should work on providing Indian farmers with value added solutions so that our Products will have a high importance while on export market comparing the situations of those exports from other friendly states. He stressed that Karnataka should follow the methodology of Europe and set standards for Karnataka based perishable products. CM answering to his question invited him to raise this issue directly to him so that he will work on real solutions to this issue.

There were various other questions including providing spaces in some of the Industrial Zones and/or granting special zones for KNRI’s in those specified zones. Dr. Kaup, one of the respected member also stressed on giving permission for the foreign Educational Institutes and Universities to open up in Karnataka so that our own Kannadiga students will get some attractive opportunities to opt their higher studies in Karnataka instead of going to Europe.

CM shared and responded that there is a link created by the government for all the queries one may have and NRI Kannadigas can any time log in to it to know better Karnataka. He confirmed that his government is looking into all the grievances of Kannadigas worldwide and will be more than happy to address each and every issue one may have. While taking it forward into a complaint free state of India, he assured all assistance to the really required Indian Kannadigas in whatever issues they may have in the development of the Karnataka State.

Ronald Olivera concluded the evening with vote of thanks which was followed by sumptuous classic dinner hosted by Fortune Group of Hotels. Broadway Events headed by Joel Crasta supported both the KNRI-UAE main event & the Business Dinner event with sound, light and photographs professionally.

Also Read: CM inaugurates Karnataka NRI Forum-UAE; hails initiative of Kannadigas

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News Network
July 5,2020

Tirupati, Jul 5: The Karnataka government will soon build a massive pilgrim amenities complex and marriage hall at Tirumala, the hill abode of Lord Venkateswara, at an estimated cost of Rs 200 crore, a temple official said here on Saturday.

The state would soon submit a blueprint for the construction of the Rs 200 crore mega complexes to the Tirumala Tirupati Devasthanams (TTD) that governs the hill shrine, the official said.

Consequently, based on the designs, TTD would construct the complexes with the given fund and after completion, they would be handed over to the Karnataka government, he said.

Karnataka Chief Minister BS Yediyurappa would lay the foundation stone for the mammoth complexes on the hills some time next month, he said.

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy is likely to take part in the programme, he added.

Comments

Ahmed Ali k
 - 
Sunday, 5 Jul 2020

Dear Sir,   

 

 

Keep aside all these type of extra expenditure like spending for statues, monuments, pilgrim amnesties etc.

 

During this period of virus pandamic, please use all these amount for medicines, medical facilities, food and development of the state.  We are facing shortage of medical facilites and the people are dying on the road by not getting a bed in the hospital.  Please use these amounts for the same.  During this Pandemic not even hindu brothers also accept this offer.  Leave all vote politics and concentrate to develop the state.

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News Network
May 19,2020

Mumbai, May 19: Even as banks in United Arab Emirates are trying to trace NMC founder BR Shetty, a prominent bank in India is seeking to recover loans worth Rs19.13 billion from him and his companies. 

A local court has also barred him and his wife from selling or transferring some properties while it hears the case.

In the court filing, the Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.

The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.

NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.

Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.

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News Network
March 7,2020

Bengaluru, Mar 7: Karnataka on Friday announced that there are no positive cases of the novel coronavirus, COVID-19 in the state till date.

"To date, 717 persons have been identified for observation, of them, 236 persons have completed 28 days of observation and 469 persons are continuing under home quarantine. 8 persons are admitted to selected isolation hospitals, " the state government said in a release today.

"Around 343 samples of symptomatic persons are sent for testing and 296 samples are reported as negative. No positive cases of Coronavirus in the state to date," it said.

Karnataka Chief Minister BS Yediyurappa earlier in the week assured people in state about the preparedness to tackle coronavirus.

He said, "We have issued instructions to all hospitals. We have made all the arrangements. People in Karnataka should not worry."

Union Health Minister Harsh Vardhan earlier today held a review meeting with states over preparedness for coronavirus. State governments have been asked to keep the testing and quarantine facilities, isolation wards and labs in active readiness.

The country's total number of positive cases of coronavirus touched 31 today. COVID-19 has so far killed more than 3200 people globally.

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