Core Projects and Technologies Limited, an education service provider company, is planning to set up a university in Hyderabad next year. Core is in amidst in talks with six North-American and British Universities for a partnership, and is to set up the first phase on 50 acres of land at the cost of `200 crore. Core Projects has acquired 194 acres of land for `130 crore for the university at Gadchiroli, Andhra Pradesh, in close vicinity of the Indian School of Business (ISB). Core, which was founded in 2003, is present in seven states in India; 20 states in the US; 40 institutions in the UK; 8 African and 3 Caribbean nations.
Core mentioned that its collaboration with an international institute will help it build a seamless campus in India. While infrastructure would be provided by Core, the campus would be that of a foreign university. The company is awaiting the Parliamentary nod to the Foreign Educational Institutions (Regulation of Entry and Operations) Bill. The plan for the company is being designed by Ernst & Young, professional services organisations. The university is to offer professional courses to begin with like post graduate diploma in management, hospitality, computer application and engineering and weekend courses for professional. It is targeting total student strength of 4500. Core Projects has also planned to enter the sector of the school management business. It is being estimated that It is expected to invest `150 crore for setting up schools over the next three years. These schools are divided into three