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| JBM forays into education biz; aims Rs 1,000 cr revenue |
| Press Trust of India / New Delhi Aug 23, 2009, 14:34 IST |
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At a time when the country's auto makers are trying different ways to beat the slowdown blues, components maker JBM Group is venturing into the educational sector to meet the growing demand for auto designers and engineers.
The Rs 2,700-crore group will start technical education programmes in association with five other institutes in the national capital region to train automotive designers and engineers.
The company is aiming to garner Rs 1,000 crore from the new venture by 2015 and expand to at least 100 institutes across the country over the next five years.
"The automotive and engineering industry requires about 10,000 designers, while the current availability is only about 1,000," JBM Group Executive Director Nishant Arya told PTI.
"So, there is a huge gap between demand and supply and this needed to be filled up. To start with, we are targeting to training 2,000 students in this fiscal," he added.
Without providing the name, he said the group would start four courses within 10 days at five institutes in the NCR.
When asked about the business opportunities the company sees in the venture, Arya said: "We are investing about Rs 10 crore in the first five centres and we are aiming for a revenue of about Rs 20 crore this fiscal."
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