Create a pension funds for Indian workers returning from Gulf countries
By TCN News,
Kuwait City: Indo-Kuwait Friendship Society(IKFS), a non-profit socio-cultural friendship association in Kuwait has written letters to 38 Indian multimillionaires residing and working in Gulf Cooperation Council (GCC) countries requesting them to contribute 10% of their wealth for investments in Indian infrastructure development projects.
Letter written by Dr. Ghalib Al-Mashoor, president of IKFS also asks the multimillionaires to establish a pension fund for Indian who have worked more than 10 years in GCC countries. The fund should help them when they return back to India.
IKFS letters were addressed to each of the NRI Multi-Millionaires (whose assets are USD215 million to 4,500 million) such as P Mohamed Ali, Vice chairman, Galfar. LT Pagarani, Chairman, Choithram. Tony Jashanmal, Founder, Jashanmal Group. Sunny Varkey, Founder, GEMS Education. Ravi Pillai, Founder, RP Group. BR Shetty, Chairman, NMC Group. Yusuffali MA, Managing director, EMKE Group. Raghuvinder Kataria, Chairman, Kataria Holdings. Feroz Allana, Founder, Allana Group. Mohan Valrani, Vice chairman, Al Shirawi Group. Sarah Belhasa, Vice chairperson, Belhasa Group. Joy Alukkas, Owner, Joyalukkas Group. Ramesh Ramakrishnan, Chairman, Transworld Group. Thumbay Moideen, President, Thumbay Group. Azad Moopen, Chairman, DM Group. Kabir Mulchandani, CEO, SKAI Holdings. Khurshid Vakil, Founder, Marine Exotic Home Interiors. Deepak Babani, CEO, Eros Group. Nilesh Ved, Founder, Apparel Group . Rizwan Sajan, Chairman, Danube Group.
Vasu Shroff, Chairman, Regal Group. PNC Menon, Chairman, Sobha Developers. Dhananjay Datar, Managing director, Al Adil Trading. JR Gangaramani, President, Al Fara’a Group. Maghanmal Pancholia, Chairman, Arabian Trading Agency. Paras Shahdadpuri, Chairman, Nikai Group. Yogesh Mehta , Managing director, Petrochem ME. Khimji Family, Directors, Khimji Ramdas. Hitesh Bodani, Chairman, Bond Investment Group Holdings. Dilip Rahulan, Chairman, Pacific Controls. Ram Buxani Director, ITL-Cosmos Group. Santosh Joseph ,CEO, Dubai Pearl. Dr Shamsheer, Managing director, Lifeline Hospital Group. CK Menon, Chairman, Behzad Group.
No word yet on how multimillionaires are reacting to this letter.