Dubai businessman Sudhakar Rao invests in India's NIT Warangal
Gemini Property Developers' chairman pledges $136,100 to set up innovation and incubation centre at alma mater
Indian businessman and chairman of Dubai-based real estate firm Gemini Property Developers, Sudhakar R Rao, has pledged $136,121 (AED500,000) to set up an innovation and incubation centre at his alma mater, National Institute of Technology (NIT) Warangal, in the Indian state of Telangana, with the move coinciding with the diamond jubilee celebrations of the institution, from where Rao graduated with a degree in electrical engineering.
Commenting on the development, Rao said: “Innovation, technology, and disruption are at the core of every business making in big in today’s world.
"I am fulfilling a long desire to repay the tremendous debt of gratitude to my alma mater."
In a statement, the company behind Dubai’s $81.6m (AED300m) Splendor homes in Mohammed Bin Rashid City said the cheque for the amount pledged was given by Rao’s mother Ganga Raghavendra Rao, and sister Sujatha Srinivasan, to the chairman of NIT Warangal, Prof NV Ramana Rao, in the presence of chairman of National Board of Accreditation, KK Agrawal.