Jaipuria Group, which has interests in textile, power generation and education, has envisaged investment of over Rs 1,000 crore in education over the next 5-7 years.
The Group has drawn a blueprint to set up 50 educational institutions under franchisee model in tier II and III cities across North India.
“Each school would be spread over an area of around 90,000 sq ft and entail investment of Rs 20-25 crore,” Jaipuria Group chairman Sharad Jaipuria told Business Standard here.
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Currently, the Group runs Seth MR Jaipuria School in Lucknow and management institutions in Lucknow, Noida, Jaipur and Indore.
“We have already identified our partners in some places, including Lucknow, Haridwar, Sitapur, Faizabad, Agra etc and are actively looking for business partners at other places,” he informed.
In first phase, the Group is focusing on Uttar Pradesh, Rajasthan, Haryana and Madhya Pradesh to launch schools either on CBSE or ICSE/ISC pattern.
While, the respective local partner would invest in land, building and other infrastructure needed for the school, Jaipuria Group would ensure quality teaching, pedagogy and other academic support to the initiative.
He said the educational initiative would create sizeable direct employment opportunities to the tune of 7,500 spanning both teaching and non-teaching posts, besides creating indirect jobs.
Jaipuria Group has a consolidated turnover of over Rs 625 crore. It has a textile plant in Neemrana, Rajasthan, which produces cotton yarn, fabrics and denim for the domestic and export markets.
Meanwhile, the Group is also scouting for 50 acres of land in Gujarat and Madhya Pradesh to set up a new textile plant at an investment of Rs 250 crore,” he said.