Yash Birla group plans to build schools

Mumbai: The Yash Birla group is planning to set up 200 schools across the country within the next two years.

With an initial investment of $5 million, the group will establish schools in a phased manner. The firm will focus on core education ranging from preschool, school till higher education (UG/PG and research).

The company will be working on a partnership model, where the other partner will invest in infrastructure while Birla Edutech (along with partners) will jointly implement the project.

Birla Shloka Edutech is planning to open two of its own schools in Mumbai from academic year 2009-10. The company plans to enter all four zones (of the country) in various phases. It will close partnership engagements for about 50 schools in fiscal 2009-10, primarily from West India and South India.

Each school will have approximately 75,000 sq ft built-up area on a minimum three-acre land piece. However, the specification could change based on location.