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
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 16,2025

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Melkar (Bantwal): The 9th Annual Day celebration of SMR Public School, titled “EXCELLENTIA”, was held on December 15 with great enthusiasm and dignity, marking a significant milestone in the institution’s journey towards academic excellence and holistic development.

The programme was inaugurated by Dr. U. T. Iftikar Ali. The chief guests were Dr. Akhtar Hussain, Mr. P. Moosabba Beary, Mr. Zakaria Jokattre, and Dr. T. M. Abdul Rahuf—whose inspiring addresses motivated the students and appreciated the school’s contributions to education.

Mr. Abdul Nasir, Mr. Ibrahim Gadiyar, Mr. Razak Golthamajal, Mr. Sali Koya, Mr. Arshad Hussain, Mr. Ismail Balanoor, Mr. Feroz Bawa, Mr. Sahul Hameed, Mr. Abubakkar, Mr. Hameed K. Mani, Mr. Abdul Majeed (Principal, Melkar Women’s College), and Mr. Abdul Lathief (Former Principal, Melkar Women’s College) were the guests of honour.

The Annual Report was presented by the Headmistress, Ms. Fathimathul Zaheera, highlighting the school’s achievements and progress during the academic year. The Presidential Address was delivered by the Chairman of SMR Public School, Dr. Haji S. M. Rasheed, who emphasised the vital role of education in shaping students’ futures and stressed the importance of discipline, dedication, and consistent effort in achieving 100 per cent academic results.

Secretary of SMR Public School, Mr. Rifath Ahmed, and PTA President, Mr. Sandeep Kumar, were also present on the occasion.

The Annual Day celebration showcased the collective efforts of students and teachers and reaffirmed the school’s commitment to quality education and all-round development. The programme concluded with a vote of thanks, expressing gratitude to all dignitaries, parents, and well-wishers for their support. The 9th Annual Day—EXCELLENTIA—was a memorable and successful event, leaving a lasting impression on everyone present. 

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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