Singapore's GSF plans to set up 35 schools in India
NEW DELHI: Singapore-based Global Schools Foundation is planning to establish 35 schools across India by 2017 which entails an investment of USD 50 million.
Global Schools Foundation (GSF) operates about 20 schools in eight countries including the US,Singapore, Malaysia, Japan, Vietnam, Thailand and UAE. In India, the foundation has seven franchisee schools.
"We are planning to set up 35 schools across 15 Indian cities by 2017 and the investment is expected to be USD 50 million.
"Three schools will come up before June 2012 in Noida, Ahmedabad and Surat," GSF Co-Founder and Chairman Atul Temurnikar told PTI.
To begin with, these schools would offer classes from Kindergarten to fifth standard and the syllabus would be largely CBSE. On an average, the fee would be around Rs 4,000 to 7,000 per month, he noted.
GSF owns and operates Global Indian International School (GIIS) and Global School of Silicon Valley (GSSV).
The foundation's plans for India are a part of its global expansion activities that would see setting up of 50 schools in Asia, the Middle-East and Africa.
The total investment for the global expansion would be about USD 150 million, out of which around USD 40 million is expected to be funded by International Finance Corporation.
According to Temurnikar, these schools would not look at academic partnerships. While setting up an school, the foundation looks at partnerships only for buildings and land, which is taken on long-term lease, he added.
Based on a rigorous selection process, the foundation also offers scholarships to some students that cover their academic expenses.
Stressing that global education model would help in nurturing students to face emerging global challenges, Temurnikar said the schools' curriculum focuses on developing individual talent as well as provide high quality education.
Globally, the foundation offers education in six curricula -- International Baccalaureate, Cambridge IGCSE, CBSE, American System, ICSE and Global Montessori Programme.
The foundation's schools have about 13,000 students and nearly 1,500 teachers. "Attracting and retaining talent (teachers) remains a challenge," Temurnikar said.