By Shane McGinley
Dubai education and healthcare group earmarks India as key region for growth - chairman
A Dubai-based education and healthcare group is planning to expand into India and is aiming to own or manage over 100 schools in India over the next few years.
The Varkey Group, which operates the GEMS Education schools network and the healthcare brands Welcare and City Hospitals, said it aims to provide quality education for five million students across the world by 2024.
As part of this plan, it is expanding overseas and India is its main target market.
"India is one of the key destinations, where we already lead several educational initiatives including 17 schools in major cities. We plan to own or manage over 100 schools in India over the next few years," said Sunny Varkey, chairman of the Varkey Group in a statement.
Five million students across the world by 2024, the challenge lies in getting the quality teachers, training, retention and the process involved in imparting education which would be completely technology based or there would be emphasis on certain ways of keeping the old vedic system of teaching through classroom sessions. It's a big challenge of retaining teachers in order to provide the level which is expected out of them to perform and evaluate at times.
Yes they survived and flourised in the UAE, because of protectionism, clout and monopoly, which is an undisputed fact. Their ambition of 100s of schools in the UK, fell flat on their face, where they failed miserably. India is going to be a challenge if GEMS continues its UAE tactics - high fees and purpoted quality education. As the saying goes " You can fool some people sometime, most people most time, but not all people all the time. INDIA will NOT accept this, let them try !!! JAI HO !!
In the name of education they are making money - quality comes from the teachers and the systems in place not from expensive fees and charges that hit the pockets of the parents...Varkey group should learn the way the SINDHIS do business in India - they believe in volume sales - I do not see any value coming from educating my child in a very expensive school where the fees are more than what even a MBBS doctor pays for his full course in India...GEMS should start thinking of getting some reasonable rates of fees before making their business plans..
There are many groups that have been successful in the "education business" in India, and GEMS may well be too. The key differences they will have to face are competition (= consumer choice) and a free press, so it is unlikely that the extortionist tactics used in Dubai will work in India.
Running, Owning, Managing 100 schools sounds like hotel business or hypermarket where profit comes first. they may be successfull in UAE coz most of the parents compel to do so as they do not want their kids to go to any Arabic or UK level education as at some point they have to go back to India. Let Mr. Varkey reply back to all these comments and be an Indian imparting knowledge and not minting profit of all these institutions. Gem presence in India will only elevate the race of charging higher by others.
before that i would like to suggest Mr Verky to improve the standards in schools like fujairah etc then aim big ,
i feel opening schools in Saudi arabia will be more benifitted