Search DubaiPRNetwork.com

Home >> Banking & Investments

Dubai-Based NRI business leader donates INR 10m to his Alma Mater to setup Innovation and Incubation Centre

Dubai-Based NRI business leader donates INR 10m to his Alma Mater to setup Innovation and Incubation Centre

Sunday, October 13, 2019/ Editor -  

Share

Home >> Banking & Investments

Sudhakar R. Rao, Chairman of Gemini Group pledge financial support of INR 10 million to his Alma Mater NIT Warangal on the occasion of its Diamond Jubilee celebrations. Funds to be used towards setting up a state of the art innovation and incubation center. 
 
 
Dubai, United Arab Emirates - October 13, 2019:    Dubai-based Non-Resident Indian (NRI) business leader – Sudhakar R. Rao, Chairman of Gemini Group - has donated INR10 million (equivalent of more than Dh 500,000) to his Alma Mater NIT Warangal on the occasion of Diamond Jubilee Celebrations of the institute, to help setup Innovation and Incubation Centre. 

On behalf of Mr Sudhakar Rao, the cheque was handed over by his mother, Mrs Ganga Raghavendra Rao and sister, Ms Sujatha Srinivasan Rao in presence of eminent dignitary KK Agarwal, Chairman, National Board of Accreditation to Prof. NV Ramana Rao, Director, NIT Warangal. 

Mr Sudhakar Rao, is the Founder Chairman of Gemini Group, one of the largest business conglomerates in the Middle East, having presence in real estate, energy trading and wealth management sectors. He continues to support large programs on education and social welfare in both India and the Middle East nations.
 
Gemini group develops state-of-the-art yet affordable luxury properties across the region, adhering to highest standards of quality in design, technology and materials. It strives to build a reputation based on quality, efficiency, meticulous planning, top quality amenities, practical designs, timely completion and hand-over of projects.

Mr Sudhakar R. Rao, Chairman of Gemini Group said, “In my experience, most businessmen naturally gravitate towards channelizing their resources to maximize income and profits. Deviating from the stereotype, it has been my endeavor not just to guide my enterprise’s growth, but also be able to inspire the upcoming generation to dream and make a difference!”

“Innovation, technology and disruption is at the core of every business making in big in today’s world. Hosting some of the brightest minds of India, I am convinced there is an abundance of skill in terms of innovative thinking and technical know-how at NIT Warangal. The challenge is to harness this potential to solve meaningful, real world problems.

“Going forward, we shall seek better ways to offer long-term support to the institute, which plays a great role in what I am today. I am fulfilling a long desire to repay the tremendous debt of gratitude to my alma mater. I take great pride of being an alumnus of NIT Warangal.”

“With my humble contribution to setup this Innovation and Incubation center, I urge every student to utilize this unique facility and ecosystem to realize their dreams and create a lasting impact on society.”

A native of Tamil Nadu, India, Mr Rao is an alumnus of the institute and pursued his degree in electrical engineering in the batch of 1977-82.
 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Over 200 cyclists take part in NYU Abu Dhabi's second annual Ride for Zayed

Abu Dhabi Airports welcomes new services from Jazeera Airways at Al Ain Internat ...

Torrente, Al Mansoori Edge Closer to Another Xcat World Title With Dubai Grand ...

IATA to Improve Efficiency of Cargo Handling Audits

Carbon Emissions Per Passenger Decrease More Than 50% Since 1990'

Two New Looks for the Legendary Diver

Action Vehicles From No Time to Die Now on Display at Bond in Motion

Palm Tree Added to UNESCO's Representative List of Intangible Cultural Heritage ...

Corum Golden Bridge Round 43 Art Deco'

Abu Dhabi Ports announces AED 4Bn expansion projects at Khalifa Port on its 7th ...

Aster DM Healthcare celebrates 33rd Foundation Day by announcing launch of 5 new ...

INFINITI Engineering Academy 2019 Middle East winner awarded a life-changing car ...

Gulf Electrical Power Laboratories is now operational to optimize power assets i ...

Dubai Chamber seminar examines global trade trends and market opportunities

Share in the Festive Fun at City Centre Me'aisem's Outdoor Winter in Wonderland

25by2025 Gains Momentum with 59 Airlines Joining the Campaign

All family members are invited to enjoy their great moments at City Centre Musca ...

It's time to cover up - Knee high boots from Steve Madden

New Jaguar Lifestyle Collection Inspired by Classic Mark 2 Saloon

MSC Cruises Signs Long-term Agreement With DP World for Preferential Berthing Ri ...