In a first of its kind partnership, Ansal Properties & Infrastructure Limited (Ansal API), a leading real estate developer and Educomp Solutions Ltd, India’s largest Education Company have announced a strategic relationship that would aim at setting up schools in locations where APIL has a presence. These schools will benefit residents of townships that are being developed by Ansals and provide quality education and global academic standards to children from such captive areas.

This venture will address the twin needs of the education sector today – that of creating greater capacity and improving quality in education and making the school available at shorter distances, at neighbourhood levels.

Ansal API has 16 integrated townships. All the townships have designated areas meant for the development of schools and colleges. Among the first few Schools as a result of this collaboration are expected to come up in Lucknow, Jodhpur and Panipat.

Speaking on the occasion, Mr. Pranav Ansal, Vice Chairman and Managing Director, Ansal API said,” Our group has a strong tradition of investing in education as a part of our corporate vision; with this tie-up with Educomp, we are taking this commitment to a completely new level and scale. This will provide a major fillip to our plans of setting up quality schools in our upcoming townships which would provide world class education to children and nurture and develop young minds as future leaders of our country”

Speaking on the significance of the tie-up, Mr. Shantanu Prakash, Managing Director of Educomp Solutions Ltd said, “Our country urgently needs new education infrastructure. India has a shortage of over 200,000 schools. The attractive India growth story rides on the promise of delivery of education, both qualitative and quantitative. Our partnership with Ansal API will provide further impetus to Educomp’s vision to become a leading core education provider to India and aid in closing the current demand-supply gap in school education space”.

Under the agreement, Knowledge Tree Infrastructure Ltd. (KTIL), a subsidiary of Ansal API will construct the schools and Educomp subsidiary Edu Infra Pvt Ltd.(EIPL) will tie-up with various independent trusts to operate and manage the schools. The tie-up between KTIL and EIPL would be on the basis of a fixed lease rental and a revenue share on the gross earnings from the school. The lease will be for a period of 30 years, further extendable to another 30 years. These schools will be powered by Educomp’s innovations in technology and pedagogy and have access to some of the best trained teachers in the country. All the best practices in school education space, developed by Educomp over the years, will be available to these schools, making them centres of academic excellence. Educomp’s world renowned IPs like Smart Class and Smart Assessment System, digital content modules and structured learning system would all be implemented at these schools.

By providing access to Ansal API land bank, this collaboration will scale up the school roll out plan for Edu Infra and will leverage the unique abilities of both Ansal API and Educomp.

Ansal API not only aims at providing quality lifestyles but also focuses on the intellectual development of the young residents in their townships. It already runs the prestigious Sushant School of Architecture, the Ansal Institute of Technology as well as Chiranjiv Bharati School and Tot space. A dedicated space for nursery and primary school and academic institutions has always been a part of its residential projects. Today’s tie-up with Educomp is a step forward in the same direction.

Sourced From: Adfactors Public Relations Pvt Ltd

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Educomp Solutions partners with EuroKids International
• Educomp receives Rs 109cr contract
• Angel Broking maintains BUY on Educomp
• Educomp bags contract from 395 schools for ICT program
• Educomp acquires majority stake in Learning.com for $24.5mn