Faizal & Shabana Foundation and Manipal University sign pact to boost research and development

February 3, 2014

Dubai, Feb 3: The Faizal and Shabana Foundation, part of KEF Holdings, signed an MoU agreement with Manipal University to invest AED3 million towards a research and development facility for precast concrete technology at Manipal Institute of Technology (MIT), India and to introduce a precast design and engineering course to the University's curriculum.

“This is a first for any institute of higher learning in India and has the potential to transform engineering education in the country,” said Faizal Kottikollon, chairman of KEF Holdings and Faizal & Shabana Foundation.

“We are pleased to be part of this exciting venture. This new research and development center will no doubt benefit many students and faculty members. Precast concrete technology is rapidly expanding in India due to its sustainability, affordability and time saving measures. We therefore believe that this course will be a huge success at the University,” he said.

KEF Holdings recently entered a partnership with Finland-based Elematic, a leading provider for precast technology and machinery to set up manufacturing plants in India-and later UAE- involving investments totaling AED 200 million.

The Foundation aims to further precast technology by introducing it to students to advance the field and create employment opportunities for them.

“We are committed to seeing the advancement of this very successful industry and we believe that it has the potential to transform engineering education,” said Dr. Ramdas Pai, Chancellor of Manipal University. “We look forward to seeing the career possibilities and opportunities that will arise from this,” he said.

The research and development center will be set up by the Foundation and expertise will be given to the University via collaboration with Finland's Lahti University of Applied Sciences.

About Faizal & Shabana Foundation:

Innovation, excellence, integrity, and humility are the corner stones on which KEF Holdings was built. The philosophy of the group is to constructively influence lives of people by being different and making a difference.

Inspired by the desire to give back, commitment to sustain, and passion to excel while valuing the potential of each human being, the Faizal and Shabana Foundation was initiated in 2007 by KEF Holdings' founders, Faizal Kottikollon and Shabana Faizal.

The overall vision of the Faizal and Shabana Foundation is “Giving to Create Impact”. The focus areas of the Foundation's interventions are specifically Women, Children and Youth.

Thematically the Foundation has been working in the sectors of Education, Housing, Health, Humanitarian Assistance, Livelihoods, and Sports. The Foundation has been supporting projects globally and in India.

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Lokayukta team arrives at disputed plot; CM likely to get ED summons

News Network

October 1,2024

Mysuru, Oct 1: The Karnataka Lokayukta team on Tuesday arrived at the disputed plot in Mysuru and began investigation into the MUDA case against CM Siddaramaiah and his wife, news agency ANI reported. Snehamayi Krishna, the complainant in the case was also present with the team.

Sources stated that ED sleuths might issue a notice to CM Siddaramaiah at any time and issue summons to him for questioning. The sleuths are also keenly watching the movements of CM Siddaramaiah’s close associates and relatives, including a cabinet minister in connection with the MUDA scam.

Sources further said that there is a possibility of the ED conducting raids across the state on offices and residences of close associates of CM Siddaramaiah. The ED has also gathered information on bank accounts and financial transactions of CM Siddaramaiah and his associates.

The Directorate of Enforcement (ED) on Monday registered an Enforcement Case Information Report (ECIR), equivalent to an FIR by the police, against CM Siddaramaiah over the alleged irregularities in the allotment of 14 sites to his wife Parvathi B.M. by the Mysore Urban Development Authority. The ED registered the case taking cognisance of the FIR registered against the Chief Minister by the Lokayukta police on September 27.

Meanwhile, the Karnataka Lokayukta probing the MUDA case has also expedited the probe. The sleuths led by Mysuru Lokayukta SP T.J. Udesh have visited the controversial land on the outskirts of Mysuru city. The petitioner, Snehamayi Krishna, also accompanied the team.

The move of Chief Minister Siddaramaiah’s wife to return 14 sites allotted by the MUDA to her has triggered a debate. BJP MLA from Mysuru T.S. Srivatsa stated on Tuesday that the move of CM’s wife is not acceptable. "The two commissioners who colluded in the MUDA scam are roaming freely even today," he said.

"CM Siddaramaiah first claimed that there was no scam at all. Later, he formed a commission and now there is an FIR against him. After committing the mistake, you offer to return the sale deed. The time is up. He will have to tender his resignation and I am sure he won’t be in the position until Dasara festivities," MLA T.S. Srivatsa stated.

T.J. Abraham, one of the petitioners in the MUDA case said, “I had demanded the MUDA commissioner to take back the allotted sites. He had written back saying the process would be initiated. They were waiting for the investigation report."

"CM Siddaramaiah has not approached the division bench or the Supreme Court to challenge the order against him because there is nothing to be challenged. Returning sites is not a big sacrifice. The Chief Minister has lost it," Abraham stated.

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