NEW DELHI: Singapore-based Global Schools Foundation plans to start 25 schools in India over the next five years. The foundation, which owns and operates Global Indian International Schools (GIIS) and Global School of Silicon Valley (GSSV) across eight countries, will invest more than 300 crore to start schools in India.
In the first phase, schools in India will be spread across 12 destinations that include cities like Noida, Bangalore, Indore, Ahmedabad, Hyderabad and Surat. The schools will offer kindergarten to class 12 education and will offer curriculums such as CBSE, IB, ICSE and IGCSE, depending on the location.
The first school to start operations in the country will be the one in Noida in April 2012, for which admissions have already began. It’s a two-acre campus in the heart of the city, says Atul Temurnikar, chairman and co-founder of GSF. The tuition fees, he adds, would be anywhere between 40,000 and 90,000, depending upon the city, while the admission fees will range between 45,000 and 90,000. GSF is investing nearly 35 crore in establishing the Noida campus, he adds.
The foundation also plans to open 25 more schools across countries in the Middle East, South East Asia, India, Korea and China. Among the countries where GIIS already operates are Singapore, Thailand, Vietnam, Japan, Malaysia, UAE and the US. For its expansion in India and in other countries, GSF will invest about $500 million.
On why the foundation decided to establish schools in India, after 10 years of operations, Temurnikar says the foundation was busy establishing and managing schools abroad. The foundation was started in 2002 to provide quality education to Indian students, whose parents are settled abroad. It opened its first school in Singapore. The foundation’s international and advisory board comprises, among others, Infosys chief mentor NR Narayana Murthy and former Indian union minister Karan Singh.