The Singapore-based Stansfield group plans to invest around
Rs170 crore in India to set up twenty business schools.
The Rs35 crore turnover group will initially set up three
schools in Tamil Nadu and later expand to other parts
over a period of three years.
to the group chairman and chief learning officer, Kannappan
Chettiar, each school would involve an outlay between
Rs7 to Rs10 crore. While the group will set up the schools
on its own initially, later it will go for franchising
first centre with an area of about 10,000 sq ft will be
ready in Chennai by February 2005, and admissions will
begin around the time of the next academic season.
schools would offer 3 year Under Graduate, two year Masters
and MBA courses.