15 Sep '11, 4am

GSF to set up 50 schools across Asia, Mid-East over next 5 years: By Lin Zhaowei A Singapore-based education gro...

A Singapore-based education group announced on Thursday morning that it will set up 50 new international schools across Asia and the Middle East over the next five years. The Global Schools Foundation (GSF), which has its headquarters in Singapore, will be spending US$150 million (S$187 million) on the expansion plan. The first of the new schools are in the Indian cities of Bangalore, Noida, Ahmedabad and Indore. They will open for admission in June 2012. GSF chairman and co-founder, Mr Atul Temurnikar, told The Straits Times that the company is operating on an asset-light model to minimise cost. It is working with real estate developers to build school infrastructure that will in turn be leased to GSF.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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