Mangalore University honors NRI Businessman, Philanthropist Dr. Ronald Colaco with Hon Doctorate
Mangaluru: Dr. Ronald Colaco, a distinguished Dubai-based businessman and philanthropist, is set to receive an honorary doctorate from Mangalore University at its 42nd annual convocation on June 15. Born in Moodbidri near Mangaluru, Dr. Colaco began his professional journey in 1975 in Oman. Over the years, he worked across eight Arab and European countries, eventually rising to the position of commercial CEO for a consortium of three multinational companies: CCICL based in Athens, Greece; Mannesmann of Germany; and Saipem of Milano, Italy. His career has been marked by significant contributions to various turnkey projects, including the construction of world-class petro-refineries, gas processing plants, townships, and airports.
Dr. Colaco's entrepreneurial journey is a result of his hard work, dedication, and disciplined approach. He has successfully leveraged his extensive experience in diverse capacities to establish a series of thriving business ventures. However, his success in the business world is matched by his commitment to socio-cultural, charitable, and philanthropic activities, aimed at giving back to society. His initiatives have benefited countless individuals and organizations, regardless of their caste, creed, race, religion, or language.
Dr. Colaco has been a pioneer in providing essential infrastructure for the public good, setting a precedent that many multinational corporations have followed in their corporate social responsibility efforts. His acts of charity have included the donation of modern police stations, the construction of Hindu temples and churches, and financial support to historic temples and churches. He has also built a Taluk Office, an Advocate Bhavan, and a modern double road for the government. His contributions extend to educational institutions, healthcare facilities, housing for the underprivileged, and various public amenities.
His philanthropy has been recognized with numerous national and international awards. Among these is the prestigious '2015 International Recognition Award for Leadership in Service Excellence' conferred by the Prime Minister of Australia, awarded during the Australian Service Excellence award ceremony in Melbourne. Dr. Colaco was the only international recipient chosen from among 80 countries. In 2022, he was inducted into the World Book of Records, London, for his social and charitable contributions, particularly for providing infrastructure support to the Karnataka state government. This honor was presented to him at the House of Commons during the Indo-UK Leadership Summit.
Dr. Colaco's charitable activities span Karnataka, Goa, Maharashtra, and several overseas countries. His contributions include building and donating an international standard government high school, supporting over 70 schools, and providing substantial assistance to various healthcare clinics and hospitals. He has also donated houses for the less fortunate, supported arts and culture, and contributed to the development of rural infrastructure, among many other initiatives.
Throughout his career, Dr. Colaco has received numerous accolades and honors. In 2020, he was conferred with a Professional Doctorate in Global Leadership and Management in Philanthropy by the European International University of Paris. He has been recognized by the Institute Directors House of Lords of the British Parliament with a Distinguished Fellowship Award, and has received historic honors from the Premier of Ontario-Canada, the Australian Prime Minister, and invitations for breakfast meetings with US President Donald Trump.
Dr. Colaco's awards also include the "Global NRI of the Year Award 2017 in Philanthropy" by Times Now Group in association with ICICI Bank, the Karnataka State Rajyotsava Award in the Overseas Kannadiga Category, and several titles from the Konkani community such as "Vishwa Konkani Samaj Ratna" and "Pearl of Konkani Community." He has been honored by various religious and cultural organizations, including the Rachana Best NRI Entrepreneur of the Year and the Vishwa Bhushan title.
Dr. Colaco's philanthropy is supported by his wife, Jean Colaco, who has been fully involved in his charitable endeavors. Together, they have made a significant impact on countless lives, embodying the values of compassion and commitment to the common good. Dr. Ronald Colaco's story is one of remarkable professional success and dedication to humanitarian causes, making him a true role model and an inspiration to many.
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Minister Patil chairs industry meetings to chart growth for key sectors in Karnataka
Bengaluru (PTI): Karnataka Minister M B Patil on Tuesday chaired meetings with industry representatives from the aerospace and defence, machine tools, auto/EV, and green energy sectors to discuss sector growth and government support measures.
The meetings were attended by leading industrialists and their representatives, with some participating virtually.
Speaking on the occasion, the minister for Large and Medium Industries said Karnataka is at the forefront of the country’s aerospace and defence sectors.
He noted that Suzuki and Toyota plan to launch aerial taxi services in Japan by 2028, with Bengaluru-based Sasmos supplying electrical equipment for the project.
Industrialists suggested introducing similar “fly-taxi” services in Karnataka through an appropriate policy, which Patil said would be examined seriously.
The minister highlighted the need to establish testing centres and Common Facility Centres for the aerospace and defence industries and assured that these facilities would be provided.
Suggestions were also made to prepare a comprehensive roadmap for sector growth.
Karnataka has urged the Central Government to approve Defence Corridor projects in the Bengaluru North–Kolar–Chikkaballapur and Dharawada–Vijayapura–Belagavi regions.
Industrialists also suggested a corridor between Bengaluru and Mysuru, Patil said.
He said Karnataka aims to become a hub for defence electronics manufacturing, with plans to establish a 200-acre Defence Electronics Park and a 100-acre Avionics and Sensor Park.
These projects will be implemented once the Special Investment Region is operational, and land availability will not be an issue.
On the machine tools sector, Patil said the industry has recorded an annual turnover of Rs 36,500 crore and is witnessing steady growth.
Large-scale exhibitions have increased demand, and the state must strengthen its capabilities to develop control systems for heavy machinery. One testing unit is already operational in Bengaluru, with another planned for Tumakuru. Expansion of vocational training institutes in industrial areas is also underway.
In the Auto and EV sector, Vision Group members highlighted the need for a network of dry ports and more EV charging stations across the state.
Patil noted that the Tata Group is manufacturing EV buses in Dharawada for nationwide supply. Plans for mini excavator production and export facilitation were also discussed, along with the establishment of a testing facility for two-wheeler EVs.
For the Green Energy sector, the group emphasised the need for a suitable policy on battery-based energy storage and the establishment of data centres.
Patil assured that the government will seriously consider all suggestions and respond positively.
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