Published On: Mon, Nov 2nd, 2009

Mukesh Ambani set to announce Reliance forey into Education

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Mukesh Ambani’s Reliance Industries is all set to make its first imprints in the education sector, with Mukesh likely to make the major announcement at the annual general meeting to be held on November 17.

As expected, India’s biggest business house has made its plans for the entry really grand as it plans to launch nothing less than a private university. Planned like the Ivy League institutions, the final design of the institution is yet to assume full shape. Mukesh is expected to provide a definite roadmap for the project at the annual meeting.

However, a vastly populated country like ours sure has the space to take in any number of such private investments in its educational sector that has already been occupied by big corporate firms, private equity players and other institutional investors.

Reliance group has its eye on India’s highly profitable private education sector worth an estimated $50 billion according to an IDFC-SSKI report. With the education market expected to have a growth rate of 16% according to a CLSA Pacific study, business firms are all making huge investments in the educational sector.

Though RIL is yet to release the final sketch of its project, many other business giants are already into commercial education market.  AV Birla Group has already initiated its Sarala Birla Academy in Bangalore. The group also has further plans to open more schools.

The Vedanta Group has announced a large university near Puri followed by Chennai-based Murugappa group and FMCG company, Ruchi Soya who are also expected to come up with own learning centres soon.