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Taking Education to THE NEXT LEVEL

Dr_Abdulla_Al_Karam
Dr Abdulla Al Karam
Chairman of the Board of Directors and Director General of KHDA

Dubai’s private education landscape has grown rapidly in the recent years. Extending new opportunities to investors, parents, students and teachers, Dubai’s Knowledge and Human Development Authority (KHDA) has redefined the private education sector. From helping schools collaborate better by showing them ‘What Works’ to providing more choice to parents through school inspection reports – KHDA has transformed education in Dubai for good.

Dr Abdulla Al Karam, Chairman of the Board of Directors and Director General of KHDA, has led the education sector in Dubai over the last decade. In an interview with Dr Ravi Gupta, Editor-in-Chief of digitalLEARNING magazine, Dr Abdulla shares his ideas for a more inspiring educational future. Here are the excerpts:

Dubai has focused on building a quality-driven education system. How do you stay relevant in the constantly changing times?

Dubai’s greatest asset is the diversity of its education landscape. We have 17 different education systems, which reflect the best from America, the UK, Japan, Russian, Canada, India and many other countries. We have always looked to build upon this diversity, which has helped increase happiness in Dubai. Diversity connects people better, and greater the diversity of schools, the better the performance of an education system.

What is the road ahead for KHDA and education in Dubai?

A national agenda has been set for 2021 and the target for education is quite ambitious. Over the last eight years, Dubai schools have seen continuous improvement, be it in terms of inspections or assessments. If we hope to achieve the goals outlined in Vision 2021, we need to push the linearity of the graph exponentially. Our focus has always been on helping schools perform better. To do this, we have been giving them feedback on their educational outcomes rather than disrupting their input, i.e. the educational content, school infrastructure, teacher recruitment policies and the likes. This is where happiness and wellbeing work as contributors in shaping a new dimension in education. What we expect from schools is consistently good performance while creating a balance in the school culture with happiness, wellbeing and growth of students at the core of their learning.

Our focus has always been on helping schools perform better…we have been giving them feedback on their educational outcomes rather than disrupting their input, i.e. the educational content, school infrastructure, teacher recruitment policies and the likes. This is where happiness and wellbeing work as contributors in shaping a new dimension in education

What are your views on the changing trends in education?

Education has always been geared towards bringing out the best in people. Today, people live in better homes, eat better and have their basic needs met. We live in the best of times and the overall human standard of living has seen remarkable improvement over the last few decades. All these developments have had a net effect on education, because today’s generation no longer has the same challenges or aspirations.

Education today is not just about providing information and educating the mind; it is a lot more than that. Educators face the challenge of meeting the needs of a generation, who are growing up in an age of information and access to content. There is also an element of emotional and physical wellbeing, which is increasingly linked to education.

Lastly, can you share more about KHDA’s office and its belief in wellbeing and happiness? How did this transition take place?

Getting the commitment of people is never an easy task. At KHDA, the happiness of our employees is a priority for us and we want our people to be committed and engaged while being happy at work. Five years back, we started our first initiative with a happiness survey asking them one simple question – “Are you happy?” When someone asks about your happiness for the first time, you actually feel happy about it. People could see their happiness scores, which marked a starting point. Since then, we have kept doing this survey every six months. This is a serious proposition for any business, because if your people are happy, then your customers are happy, too.

In Education Kingdom

Often referred to as the land of plenty, Dubai has moved beyond its glitz and glamour to grow into an emerging education hub. In the last decade, the private education sector witnessed significant growth that saw enrollment figures getting doubled, leading to an increased supply of education spaces. This has brought about a competition within the local education market, to the advantage of the people, who have greater choice of academic institutions for their children.

Dubai, in particular, and the UAE, in general, present a unique case in the education sphere in the sense that they have much larger number of institutions in the private sector as well as students attending those institutions. Private schools across the Emirates account for almost 70 per cent of the total population of schools, while their enrollment figure stands at close to 90 per cent, thanks to the conducive policies of the government.

A pro-active approach of the Knowledge and Human Development Authority (KHDA) and other government agencies has seen various school chains and universities from across the globe setting up their campuses there, and also attracting large investments to the sector. Driven by the UAE’s ‘Vision 2021’, which lays emphasis on the development of a first-rate education system, technology and other latest global trends in learning are fast taking over the space.

As Dubai takes shape of a pre-eminent edu-destination, at Elets Technomedia, we decided to convene the 6th edition of its flagship event “World Education Summit 2016” – a global learning platform that champions innov

Ravi Gupta
Ravi Gupta

ations and investments in futuristic fulfilling education – in Dubai on February 7-8, 2016. The Summit aims to bring all the stakeholders on one platform to facilitate communication and collaboration. It will bridge the divide between the key stakeholders and provide a highly crafted platform for the industry and the academia to connect and converge.

 

During its last five years of journey, the World Education Summit has witnessed the education sector undergo a paradigm shift. The Summit has strived to look beyond being just an event, by building a strong community around it and providing various business and networking opportunities for the government, education leaders, private sector and civil society organisations. And taking forward the objective of knowledge sharing of the digitalLEARNING magazine, WES Delhi on 6-7 August 2016 and WES Dubai on 6-7 February 2017 will bring together education stakeholders from across the globe, transcending education barriers.

As the Vision 2021 takes shape in the years to come, the World Education Summit remains committed to move shoulder to shoulder with the stakeholders in the Kingdom country and elsewhere in the world to help usher in and be witness to the transformation in the education system and teaching-learning methods.

DUBAI DISCOURSE Setting the Agenda for Futuristic Education

With the UAE emerging as a major education hub, the major universities and educational institutions across the globe are setting their campuses in the country. Keeping the significance of the region as an important educational destination, Elets Technomedia is convening the 6th edition of World Education Summit 2016 in the city of Dubai. Elets News Network (ENN) shares a brief about the education landscape of the Kingdom Nation and the relevance of WES 2016 in the land of plenty

ver the recent past, the Emirates has been gaining a strong foothold in the education sector and drawing global players, thanks to its conducive policies and forward thinking. The education sector in the region is being driven with a focus on the UAE’s Vision 2021 that lays emphasis on the development of a first rate education system.

Dubai, the largest city of the UAE, boasts of a state-of-the-art infrastructure, an incredible skyline and breathtaking architecture. However, there is much more to the vibrant and pulsating city of Dubai than its Gold Souk, dazzling deserts and breathtaking architectural beauty. And the one avenue that is fast emerging as Dubai’s most important specialty is its prominence as an education hub.

It should come as no surprise that Dubai has jumped onto the education hub bandwagon, as the city is known for doing just about everything on a grand scale. Considering the huge influx of immigrants, numerous well-known foreign universities and schools have established their campuses in Dubai to impart high-quality education that is at par with western standards. Dubai has actively pursued branch campuses of top schools around the world, presenting an amazing spectrum of international learning centres.

These campuses are housed in four major education hubs in Dubai — Dubai Knowledge Village, Dubai International Financial City, Dubai Health Care City and Dubai Silicon Oasis. Each hub caters to a specific set of students and some are affiliated with programmes from big educational institutions of the world that offer students a chance to get a degree at all levels, be it bachelor’s, master’s or doctoral.

All this probably has been an outcome of a unique practice of continual discourse, whereby educators are convened from across the globe to share their positive practices for the benefit of all schools and universities in Dubai.

In addition, there are several other factors that work in favour of Dubai:

  • Excellent academic system that stands at par with western standards
  • Scope for tax-free earnings from an employment opportunity after graduation or post graduation
  • Low cost of studying when compared to other developed countries like the USA, the UK and Australia
  • Conducive policies of the Government

In furtherance to this unique phenomenon of Dubai emerging as a pre-eminent edu-destination, we have undertaken to convene the 6th edition of our flagship event “World Education Summit 2016” – a global congregation championing innovations and investments in futuristic fulfilling education – in Dubai on February 7-8, 2016. WES 2016 aims to bring all the stakeholders on one platform to facilitate communication and collaboration.

In our endeavour, the Knowledge and Human Development Authority (KHDA) has lended its valuable support as a Knowledge Partner. The authority is responsible for the growth and quality of private education in Dubai. It supports schools, universities, parents, students, educators, investors and government partners to create a high quality education sector focussed on happiness and wellbeing.

Among eclectic mix of speakers, Dr Abdulla Al Karam, Chairman of the Board of Directors and Director General of the Knowledge and Human Development Authority (KHDA), has agreed to enlighten the gathering with his salient perspective at the WES 2016. Dr Karam is responsible for a wide spectrum of education in Dubai’s private sector, spanning early learning, school, and higher education and training institutes.

In addition, the leading lights in the field of education spanning early learning, schools and higher education and training institutes across the world will discuss and deliberate on a wide range of themes concerning the future of education.

In this WES special edition of digitalLEARNING, we present the compelling views of a galaxy of global experts leading the innovative practices in education, share their learnings and findings.

Education Landscape PAST, PRESENT & FUTURE

Dr Rajni Kumar
Dr Rajni Kumar
Veteran educationist and Founder
Springdales Group of Institutions

Dr Rajni Kumar a veteran educationist and Founder of Springdales Group of Institutions, has been closely associated with education for over seven decades now. Having seen various twists and turns in the evolution of education system in India, as also elsewhere, Dr Rajni talks about what’s best to shape up the young minds. Excerpts from an interview with Elets Technomedia (ENN)

You have been a veteran educationist, who has seen the birth of the Indian Nation. What has been your experience of transition from a British education era to that of an indigenous one?

I came to India in 1946, just a year before India won its freedom after waging a glorious struggle for more than 200 years against the British colonial rule. An educational system is always a microcosm of the sociopolitical structure of the society, in which it operates, and the British Education System in India was meant essentially to fulfi l the objectives of British Colonial Rule and to produce an army of clerks and pen pushers to run the administration. As for the upper classes and castes in accordance with Macaulay’s famous “Minute on Indian Education”, the idea was for them to imbibe the innate culture and lifestyles of the British rulers and become “brown sahibs”. The education imparted was stereo-typed, academic textbooks and examination-oriented and very bureaucratic.

As freedom dawned, there was a tremendous feeling of exuberance. Fresh wind was blowing and there was a promise of a new day, a new India and a new world opening up before the country. One of the great urges and aspirations of the people was for Education. The British had left behind a huge legacy of poverty and illiteracy. The literacy rate at that time was only l8 per cent and educational facilities were totally inadequate for a large and diverse country.

After freedom, the education system had to be remoulded in tune with the needs of a burgeoning Republic. Although the basic educational structure did not change, India’s constitutional goals of secularism, socialism and democracy had to be incorporated and worked upon. A cultural renaissance began to take shape, and a huge programme of quantitative expansion of facilities was initiated, such as building of schools-colleges, teacher training colleges and enrolment of students. Sadly though, not enough attention was paid to qualitative improvement or to the base of the educational ladder, the primary schools, which even today are the weak areas of the state system of education.

From Sister Nivedita to Miraben to Dr Annie Basant, a galaxy of women leaders from the UK have come and served India. What was your inspiration for choosing to serve India through education?

Right from childhood, I felt an affi nity with the darker skinned races of Africa and India, maybe because of my black hair and swarthy skin inherited from my Welsh father. As I grew into a teenager, I began to feel an aversion about “Empire Day” and later empathised with the humiliations of people in India suffering under colonialism. I read about the great movement of liberation under Gandhiji in India, and became a supporter of these human struggles and a social activist. It, therefore, followed the natural sequence of events at the University in England. I joined the India Society of the L.S.E., fell in love with an Indian Barrister and fellow social activist Yudhister Kumar, who swept me off my feet and into India.

I stayed in a military cantonment in North India just after freedom when the British army had left India and the Indian Army was coming up with their families and needed education for their children. The school house was there, but locked up and no one to run it. Their eye fell on me. Not listening to my protestations that I knew little about education or the Indian culture, and was just 25 years old, they insisted that I run the school for the Army. Well, I took up the challenge as a great learning experience and that decision became a defi ning moment in my life.

Founded in 1955, Springdales continues to be an eminent educational institution with a limited set of five instances. What has been your founding philosophy in nurturing these nurseries of talent?

Springdalian education is primarily based on the educational philosophies of great educators of both West and East, Bertrand Russell, Badley, Maria Montessori and John Dewey as well as the educational thoughts of Gandhiji and Tagore. Underpinning our educational work is our motto “Vasudhaiva Kutumbakam”, meaning “The World is a Family”. This lies at the core of our multi-dimensional curriculum and value system. It teaches the students to become good family members, supportive community dwellers, proud Indians and caring members of the whole family of humankind working with a spirit of Internationalism and socially oriented.

Dubai, an education destination in the Middle East, has Springdales, too. What prompted you to expand to the Kingdom of Arabs?

Three years ago, when I had turned 90 and thought my life’s work was done, my student Dr Navjeet Singh Anand, a Springdalian of the 1976 class, suddenly appeared from nowhere, introduced himself as the Chairman of the Goldline Group of Companies, and sought permission to build Springdales Dubai. Once a doctor, then a successful entrepreneur and now with a mission to enter the education domain, it was an offer too good to miss.

What a beautiful happy and well endowed school he has created and what a great source of delight, of joy and satisfaction the school has become to me in this last stage of my life as I see already more than l,200 happy talented children imbibing the Springdalian ethos and singing the songs of the family.

Springdalian education is primarily based on the educational philosophies of great educators of both West and East. Our educational work is our motto “Vasudhaiva Kutumbakam”, meaning “The World is a Family

One of the central themes of the upcoming Education Summit is ‘Learning from Dubai’. What are the areas for India to learn from Dubai?

There are many things we in India can learn from it:

  1. Firstly, the high premium the country places on Education, as a valued tool for development, for the individuals and for the country and the resources they pour into it;
  2. Dubai has a large variety of educational institutions that have been allowed to be built on its soil, catering to the different needs of the children of the expats of the Indian community and for their own Emirati population. They lay emphasis on high quality performance in all schools, including those for the local population, which is completely free and without any gross disparities and inequalities, which we fi nd in India between the majority of private and state-run institutions;
  3. The pride they have in their own culture and heritage, and their stress that this is given a pride of place in all schools;
  4. The respect and tolerance they have for other diverse cultures and ways of life;
  5. The importance given to law and order, for cleanliness and for putting in place the mechanisms required for enhancing not only the learning process, but all aspects of education, security and safety, health etc.; and
  6. Making effective use of education technology.

Technology has emerged as a key constituent in the educational ecosystem. What is your take on its adoption?

Education technology can be a very valuable tool to enhance the learning process. It can increase substantially the horizons of knowledge, speed up the process of absorption and alert the minds of our children and direct them into new channels of thought and action. It can help us with distance learning in removing the curse of illiteracy.

But there is also the dark side of the moon — its possible misuse. So, we must proceed with utmost diligence and caution and put in place all possible checks and balances to prevent its misuse, and indelible harm to the minds and bodies of children. The human element in education must always remain supreme. We must never become a slave to technology.

Venkaiah Naidu unveils Telangana’s first National Pre-School Chain

SanskritiUnion Minister Venkaiah Naidu launched Telangana State’s first National Pre-school Chain, ‘Sankriti Global Pre-school’ in a function held at HICC in Hyderabad on February 7. This is probably India’s first pre-school chain initiated by a woman educationist, while other chains were initiated by businessmen/organisations. Sanskriti Educational Society, the parent body owns and operates the immensely popular ‘Sanskriti School’ with over 700 strength in Kondapur in Hyderabad.

Speaking at the launch, Venkaiah Naidu deplored at the pathetic educational standards in rural areas where a fifth grader is unable to read second grade textbooks. He said, “Their level of maths and reading is declining. If you want to lay strong foundation for India, the foundation has to be laid at primary educational level and that too in rural levels.”

“Education and textbooks should be made interesting. Rural education must be made more encouraging. There are many examples of success in rural education in India like the Barefoot College, 8 Day Academy and Gurukul School in Bihar,” he added.

The Hyderabad based Sanskriti school which launched pre-school chain, plans to set up 3000 franchisee outlets in the next five years, Revati Raju, Founder informed in a press release. She said, “It will be a franchise model. We would like to push our expansion through network of women entrepreneurs across Tier II and Tier III cities in the country.”

“Sanskriti Global Pre-School Chain” envisions a pan-India presence through Franchisee model. Hopes to have 100 franchise outlets in the very first of operations and targets to achieve 300 franchise outlets in the next five years. The franchise model is designed with an aim of transforming the pre-primary education landscape in India, announced Revati Raju.

We have already finalised a Franchisee in Hyderabad. Sushma, a woman entrepreneur was handed over a Franchise kit through the hands of Venkaiah Naidu, added Ravati.

TabletAdda.com launches a comprehensive portal of Tablets for students

TabletaddaTabletAdda.com, developed by Wow ECarts Pvt Ltd, has recently launched India’s first exclusive tablets selling marketplace, devoted to Tablets, Hybrid PCs, Phablets and the much required eco-system around tablets for students.

The portal is a step forward to the digital dream of having the entire educational studies through Tablets in schools and colleges to achieve the best in individual learning skills. Students can use this portal to buy from an exclusive range of Tablets, specially meant for students to help completing their studies.

Shankar Sharma, Group CEO, Wow Ecarts Pvt Ltd, said, “The launch of this portal is a part of our continuous efforts to make education more inclusive through technology. We believe that this is a game changing platform towards digitalisation of Indian education sector, which will make learning more interactive and immersive.”

McGraw Hill Education partners with IGNITOR to offer Digital Textbooks

McGraw Hill Education India, a global provider of teaching and learning solutions for professionals and students of all ages, and IGNITOR, a platform for delivering ‘next-generation’ digital textbooks, announced their partnership to provide McGraw Hill Education eBook catalog for colleges and universities across India.

Through IGNITOR, a platform developed by Hyderabad based Edutor Technologies, McGraw Hill Education India will work with universities and colleges, to offer powerful learning experiences to the students on their own personal laptops or tablets. Higher education institutions can go completely paperless with students carrying all their textbooks and learning resources on their devices. McGraw Hill Education India and IGNITOR aim to reach out to 1000+ universities and colleges in India, which serve lakhs of college students to offer this Next Generation Interactive Learning Experience to students and help drive better outcomes.

As part of the partnership, IGNITOR will digitise the higher education content for McGraw Hill Education and a large catalog of digital learning resources will be available to higher education institutes across India. The e-catalog will have over 5000 leading titles in 40+ streams in Engineering, Management, Medicine, Science, Arts and Commerce streams – available for undergraduate and postgraduate students.

Delhi HC stays Govt decision to scrap Management Quota

Delhi High CourtThe Delhi High Court put a stay on the Delhi government’s order to abolish “management quota” in nursery admissions in private unaided schools. The Court observed that the order was “prima facie without any authority”.

Now schools are free to create their own admission criteria for this year.

However, the court clarified that the January 6 order of the Directorate of Education (DoE) has not been struck down and merely been stayed till final disposal of the petition.

The bench of Justice Manmohan said, “Rule 145 of (Delhi School Education) Rules, 1973, states that the head of every recognised unaided school shall regulate admissions in their school. Consequently, it was held that private unaided schools have maximum autonomy in day-to-day administration, including the right to admit students.”

The bench said that the schools had agreed to defend only 11 specific criteria to be adopted under management quota and the DoE could take action if a school was found ‘misusing’ the quota. It added that “prima facie there is nothing in the 11 criteria which would show that they are unreasonable or based on whims and fancies and/or they can lead to maladministration.”

The 11 criteria permitted by the bench includes qualification of parents, their proficiency in fields such as sports, music, social work, as well as points for first born child, gender specific points and for adopted children and twins.

The Court added that management quota had been recommended by the Ganguly Committee — formed by a division bench of the high court — and “accepted and approved by the GNCTD in its 2007 order”.

Transforming Educational Facilities through Robotics

Amol Gulhane, Chief Executive Officer and Pratik Deshmukh, Director, Robolab share with Elets News Network (ENN) about Robolab’s journey, the challenges faced, benefits of their solutions and much more

Amol Gulhane, Chief Executive Officer, Robolab
Amol Gulhane, Chief Executive Officer, Robolab

Share the reasons behind starting the venture.

Robolab Technologies Pvt Ltd is a venture by graduates from the prestigious College of Engineering, Pune (COEP) and incubated by BHAU Institute of Innovation, Entrepreneurship and Leadership (BIEL), the Incubation Centre of the College of Engineering, Pune.

Robolab Technologies came into existence as an attempt to transform the educational facilities in the country, to provide a better platform to the students for nurturing their skills & talent, and to create employment for youth.

We thought over business ideas related to robotics because it is our passion and is one of the most growing yet neglected fields in the country. There are many schools and colleges in India which do not have a proper robotics lab. They use old and improper equipments and theories which discourage students to opt for robotics and automation. The outdated syllabus and books used for robotics is also a reason for students failing to go for this subject. Sometimes, the faculty does not have proper knowledge of the equipments in the labs.

Pratik Deshmukh, Director, Robolab
Pratik Deshmukh, Director, Robolab

We provide training to the faculty and students after installation of the labs, and five model robots for help. While the hardware products involve making robots, the software services enable students to create application that can operate robots.

However, we faced the following challenges:

  • Lack of long-term solution to teach Robotics in schools and colleges;
  • Lack of proper guidelines and curriculum;
  • Existing market players focus on short duration courses;
  • Lack of qualified faculties is a big hindrance;
  • Institutions are interested but could not find trustworthy partner for long-term solution.

What are the various difficulties/hurdles encountered in doing business on ground level?

We have encountered with the following challenges:

Perception about Robotics and Robotics Lab: Many schools and colleges purchase some toys and kits, and put them in a room which is opened only for visitors and guests and they call it the Robotics Lab.

Not utilised by students to the extent it can be: These toys/kits fails to create the necessary hunger or interest in students to pursue it passionately and seriously.

Just a Showcase: We refuse to work with clients who wants to set-up Robolab just to get some monetary benefits only and not for the welfare of students.

Acquisition time is high: Even though everyone we meet likes the idea of having Robolab at their campus, but the final decision takes some time which could have been properly utilised for the betterment of the students.

What is the market size of the services offered by you in India at present?

According to 6Wresearch, a global market research and consulting firm specialises in niche and emerging markets, the total global market size for robotics in education is nearly $500 million.

We have the potential customers from:

  • Schools: 13,00,000+
  • Colleges: Diploma and Art and Science Colleges – 8000+
  • Engineering: 4000+

What are the major benefits for organisations/individuals adopting your solutions?

Our clients can get the benefits in the form of:

  • Advanced state-of-the-art technical research facility within campus;
  • Hands on practical experience along with required theory;
  • Consolidation of concepts;
  • Industry-institute interaction;
  • Standard guidelines and essentials;
  • Superior quality kits and robot study platforms;
  • Training by industry experts;
  • Economical with quick return on investment.

The vision of your company for next two years.

  • To become a global company providing Robotics and Automation Services and Solutions;
  • To take technology to the masses and help them and society develop skills & intellectual capital, and advance in the field of Robotics and Automation;
  • Set up at-least 100 robotics labs (RoboLabs) pan India;
  • Reach at-least 20000 students from Schools and Engineering.

What are the various methods you are using to increase the visibility of your organisation?

  • By going the extra mile for each customer to cater to their needs to the fullest of our capability;
  • Complete satisfaction of our earlier clients (word of mouth recommendations);
  • Delivering seminars, demonstrations and lectures on Robotics and Automation;
  • Website, social media, emails, etc;
  • Attending and presenting ideas in various conferences.

How you can differentiate your services from your competitors?

  • Quality of training as well as kits;
  • Intuitive kits and material;
  • Continuous feedback and round the clock support system;
  • Proper documentation of each and everything;
  • Highly economical solution.

How do you engage the customers? Any special case study?

Here is a case study.

Delhi Public School, Bokaro Steel City, Jharkhand

The school management was looking for a technology partner for establishing a robotics lab at the campus. They tried their contacts and got quotations from them. Many of the established companies in the domain had also submitted their proposals.

Just to have more options to choose from, they were digging data about companies who offers similar solutions. They got to know about us through a simple Google search. They contacted us the same day and arranged a meeting with the Hemlata S Mohan, Director and management team.

During the first meeting itself. They liked the customised part of the Robolab, along with student centric approach of the training.

And against all odds and big established firms, we got the order and successfully established the Robolab and delivered trainings at their campus. The Management as well as trainees were well satisfied and recommended us to their counterparts.

What are the major stakeholders and sectors you are focusing on?

  • Robotics education and training;
  • Robotics solutions for industries and defence industrial, domestic and other socio-economic problems;
  • Innovations in robotics and industrial automation.

What are the various initiatives taken by your organisation to emerge as a market leader?

  • Never compromise with quality of training and kits provided;
  • Cater to customer’s needs to the fullest of our abilities and competence;
  • Free seminars, demonstrations and lectures to increase the awareness amongst students, parents and teachers.

Cerestra Edu-Infra Fund to buy School Chain Assets

Edu InfraIn a first of its kind deal in India, Cerestra, an investment fund focussed on educational infrastructure, is going to acquire the real estate portfolio of K-12 schools from Bengaluru-based Jain Group of Institutions (JGI).

Cerestra Edu-Infra Fund wants to build a network of schools and eventually list on the stock exchanges through a specialist real estate investment trust (REIT). Cerestra is a joint venture between Religare Global Management and two veteran fund managers, Jasmeet Chhabra and Vishal Goel.

The Edu Infra investor will acquire 74 per cent stake in the real estate assets of 12 schools, promoted by Chenraj Jain’s Arka Eduserve, a wholly owned subsidiary of JGI.

Initially, Cerestra is finalising a deal for six schools in Karnataka, Maharashtra and Madhya Pradesh, to be followed by another six beginning June this year.

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