The Singapore-based Indian-origin Global Schools Foundation (GSF), located in Singapore, announced on Tuesday to invest more than USD 550 million in India’s school education sector by 2026.
GSF, which already has a presence in Bangalore, Pune, Ahmedabad, and Noida, has experienced a tremendous spike in demand for admission from both local groups travelling around cities within India and families transferring from abroad to India.
“It is vital that GSF takes required steps in investing to give assured admissions to such moving students throughout its networks with minimal interruptions,” Atul Temurnikar, Executive Chairman and Co-founder of GSF, stated in a news statement.
“The GSF worldwide expansion aims to include India as one of its key development areas, and expects to invest over USD 550 million in India’s school education sector by year 2026,” he added. Many of its current foreign student populations from North Asia, Southeast Asia, the Middle East, Europe, the United Kingdom, and the United States are migrating to major Indian urban cities.
GSF intends to extend its international curriculum offering campuses in India by greenfield growth, mergers and acquisitions, and acquisitions in locations such as Bangalore, Hyderabad, Mumbai, Madurai, Nagpur, and Noida.
The Noida authorities have requested the global school network to open more foreign schools in the city to serve the growing international community.
GSF signed a Memorandum of Understanding with Noida, agreeing to spend Rs 100 crores in new international schools that would provide foreign curriculums in addition to the national-level board of education, with the backing of Enterprise Singapore, a Ministry of Trade and Industry branch.
The Memorandum of Understanding was signed by Noida CEO Ritu Maheshwari and GSF’s Deputy Chief Financial Officer Prafulla Rout.
GSF continues to be on a worldwide expansion strategy to expand its reach to serve additional communities across Europe, Japan, the Middle East and India.
The non-profit foundation has 35 campuses in 11 countries and teaches 32,000 students of 70 nationalities.