Monday, May 25, 2009

Spice plans Rs 500 cr education initiative

Kirtika Suneja / New Delhi

Business Standard

The BK Modi-promoted Spice Group is planning to launch a Rs 500-crore e-education initiative for lower middle and middle-class sections of the country.

As part of the initiative, the group will launch around 100 courses, both professional and vocational, to cater to people in small cities. The company hopes that the initiative, which is at the planning stage currently, would begin by the year-end.

The group has identified a centre in Noida where content for the courses and softwares would be developed. However, the company also expects government support in the form of less expensive broadband and wireless connections. “We will also set-up the infrastructure for those who can’t afford to work from home. But in this, we expect the government to cooperate by not taxing the infrastructure for educational purposes,” said Modi.

0 comments: