Corporate Updates

Spice to enter education sector

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With idea of diversifying into educational space, the Spice Group plans to set up a global university at Modipur in Rampur district of Uttar Pradesh by 2012. Recently, Group Chairman BK Modi described that the university is to support and propagate “holistic education”. The total cost of the project is estimated to be around INR 1,000 crore and the university is to be completed by 2012. To be built on nearly 100 acres at the site of the now defunct Modi Xerox factory, the university will be a part of S. Foundation. The Group is also planning to set up a Business Process Outsourcing (BPO) unit in Rampur, which will start its operations in the next three months.

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