Image Courtesy : singapore.globalindianschool.org

On Tuesday, Singapore-based Indian-origin Global Schools Foundation (GSF) declared its plan to invest over USD 550 million in India's school education by 2026.

GSF, also existing in Bangalore, Ahmedabad, Pune, and Noida, has witnessed a massive post-Covid boost in demand for admission from domestic communities moving across cities within India as from families resettling from foreign shores to India and vice-versa.

In a press release, Executive Chairman and Co-founder of GSF Atul Temurnikar said it is crucial that GSF takes necessary actions in investing to offer guaranteed admissions to such relocating students across its networks with zero troubles.

He added that the GSF global expansion intends to have India as one of its strategic growth markets- planning to invest over USD 550 million in India's school education sector by 2026.

Many of its current student communities from international markets, such as North Asia, the Middle East, Southeast Asia, the UK, the USA, and Europe, are migrating or relocating to major Indian metropolitan cities.

Global Schools Foundation plans to extend its international curriculum providing campuses in India via greenfield expansion and mergers and acquisitions into major Indian cities such as Bangalore, Mumbai, Hyderabad, Madurai, Noida, and Nagpur.

Recently, the Noida management invited the global chain of schools to launch more international schools in the city in order to cater to the international communities moving there.

GSF signed a Memorandum of Understanding with Noida, planning to invest Rs 100 crores towards new international schools that will deliver international curriculums with the national-level board of education.

Ritu Maheshwari, Noida's chief executive officer, and Prafulla Rout, GSF's Deputy chief financial officer, signed the MoU (memorandum of understanding).

GSF continues to be on a global growth strategy to expand its footprint to benefit more communities across the Middle East, Europe, India, and Japan.

The foundation owns a network of 35 campuses across 11 countries and enlightens 32,000 students from 70 nationalities.

News Source: Economic Times