The 3rd Indian Education Congress which has been Indiaâ€™s leading grand education show initiated by Franchise India, held on the 3rd 2013 at The Claridges, Surajkund, Delhi/NCR, on 3rd-4th May 2013, 9:30 AM -6:00 PM. The two day conference has brought together over 40 industry veterans who have conferred about the upcoming opportunities and challenges in the Indian Education Eco-System and the Investment required to fill in the gaps and to further strengthen the Indian Education market.
One on first day Ritu Marya, Director Franchise India along with Amit Gupta, CEO, S. Chand Group, Mr. Andy Gray, Head Governing Council, Euro Schools International, Enayet Kabir, Head & AVP, Education Technopak unleashed a market report on â€śIndian Education Investment Report 2013â€ť. Report is a pioneering effort on a part of Franchise India Holding Ltd. to bring forth the persisting gaps changing consumption patterns, demographical investments and business opportunities existing in the current Indian education sector.
â€śThe need to reform the Indian education system has become very prominent in past few years. To keep pace with the fast moving world of education there are a lot of aspects that the Indian education has to focus on. The Indian Education Congress has successfully covered as many aspects as possible, which could be fruitful if and when induced in our current education systemâ€ť stated Gaurva Marya, Chairman, Franchise India.
According to the report the education market in India currently stands at a whopping YoY growth of 15 percent. However there is a further demand of investments to the tune of USD 100bn for construction and provisioning of education facilities especially in K â€“ 12 and higher education segments. The current spending on Education stands at INR 1035 per month for an urban household and INR 293 for a rural household however consumers are willing to spend even higher spends if given access to quality education and this has brought players to the forefront. Likewise the private sector is rapidly spreading its horizon in the Education market and currently accounts for 48 percent of its total revenue. Realizing the pertinence of Private sector to uplift Indian Education the government has launched Public â€“ Private Partnership to invest in the Education market. Besides being a regulated Industry in the formal sector to an extent the education Industry offers numerous investment opportunities for prospective investors.
The report highlights some of these opportunities and further elaborates the current demographical investments trends across different education segments such as Pre-Schools Education, K- 12 Education, Higher Education, Vocational Training / Institutions.
Pre-Schools Education Market largely unregulated, is set for a 26 percent growth over the next few years. This exemplifies the opportunities for education providers to enter Pre-School Education. Some of the new business opportunities existing in the Pre-School segment include Teacherâ€™s training, inclusion of day care centers, provisioning of After-School extra-Curricular activities and edutainment.
The K-12 market though regulated offers a number of opportunities especially in the informal sector such as automated learning platforms, integration of ICT in Classrooms, diversification of Information sector in formal K-12 market and integration of Pre-School education with primary schooling. Higher education market is also flourishing with CAGR of 19 percent expected over the next couple of years. Investments in the sector are likely to be made in setting up education hubs and incubation centers, expanding existing institutions, developing physical infrastructure, combining vocational education with mainstream education making alternative use of premises and e-learning. In terms of Vocational training the major prospective centers from an investment perspective seems to be Banking and Financial Services, Hospitality, IT / ITES and Beauty and Wellness.
Marya further shared his insights on the Market Scenario, â€śIndian education industry today owing to the high need of quality education, upsurging demand of employable human resource needs focussed investments in Indian education both by the private enterprise and government. The current industry stats depict that the industry will have 13-15 percent year-on-year growth and reach USD 100 billion mark by the year end. The private sector and the alternative methods of teaching are helping to transform the education system at all levels from Pre-K to post-secondary. Among all the segments, private education stream has taken the lead which is growing at the rate of around 30 per cent and shares 48 percent of the total revenue stream.
He further stated, â€śAlso, the Early Education, K-12 and vocational education franchise chains are expanding their wings all across the country as well as abroad. Within the education sector, pre-school and child enhancement education services together have taken the lead in franchising with a significant share of 35 per cent. This is followed by professional skill-based education and vocational courses which carry the weight of 30 per cent of the educational franchise industry. There are more than 50,000 franchised education outletsâ€ť
Vivek Agarwal, Co-Founder & CEO, EnglishEdge stated, â€śThe industry is undergoing a tremendous growth however innovation is something that is required to provide better accessibility of education to students and to enhance the overall scalability of the public and private business models. English is the other prime area to be focused; I believe Government should take extensive initiatives to provide advanced English language learning opportunities to students across nooks and corners of the country.â€ť
Prabhat Raman, Dr. Radhakrishnan International School stated, â€śIndian market holds great potential due to its sheer numbers, and also due to its level of being a developing nation. Education is the panache to achieve prosperity and development however it should not be leveraged only to earn money but it should be fairly tempered with reasonableness so that the education system is truly accessible to every strata of the society. These business models from Indian market can become a role model for other developing nations in order to enhance the sustainability of the overall system.â€ť
This two day conference successfully captured the current gaps and trends in the Indian Education Investment market and brought to the forefront the overall consumption patterns, investment opportunities and growth factors that are currently catapulting the Indian Education Scenario.
The two day of the conference covered an indepth analysis of the business opportunities in early learning, K-12, higher and vocational education, in which an education enterprise can operate in India with esteemed speakers on the panel sharing their experience include Dr. S. S. Mantha, Chairman, AICTE; Mr. Pawan Agarwal, Adviser (Higher Education), Planning Commission, GoI; Mr. Dilip Chenoy, MD, NSDC; Mr. Amit Gupta, CEO, S Chand Group; Mr. Vineet Joshi, Chairman, CBSE; Prof.(Mrs) Parvin Sinclair, Director, NCERT; Ms. Gowri Ishwaran, PadmaShree Awardee, Founding Principal-The Sanskriti School & CEO, tGELF Services; Dr. Pingali Venugopal, Former Dean, XLRI(Jamshedpur) Dr( Mrs.) Shayama Chona, Padma Shri and Padma Bhushan Awardee, Former Principal-DPS R K Puram & Founder, Tamana Special School; Prof. N. Ravichandran, Director, IIM-Indore; Prof. Ramesh Kanwar, Vice Chancellor, Lovely Professional University; Ms. Vanita Uppal, Principal, The British School; Ms. Madhulika Sen, Principal, Tagore International School; Mr. Karan Khemka, Partner, The Parthenon Group Mr. Narayanan Ramaswamy, National Head-Education, KPMG; Mr. Andy Gray, Head-Governing Council, Euro School International; Mr. Jayant Hari Har Lal, Execuitve Director, Shriram Education Trust; Mr. Samir Srivastava, Business Head-India; Vocational Education, VLCC Healthcare Ltd.; Prof. MJ Xavier, Director, IIM Ranchi; Mr. Roy Newey, Group Executive Director, A4e, UK; Mr. Nitesh Gor DL, Chief Executive, Avanti Schools Trust, UK; Mr. Alok Shivapuri, Principal, Institute of Hotel Management, Pusa; Mr. Jaiprakash S. Hasrajani, Co-Founder & CEO, Taaleem Academy Pvt Ltd Mr. Amol Arora, Vice-Chairman & Managing Director, SHEMROCK & SHEMFORD Group of Schools; Prof. P Rameshan, Director, IIM Rohtak; Ms Rekha Krishnan, Principal, Vasant Valley School & Mr. Prabhat Jain, Director, Pathways School
The conference was followed by The Indian Education Awards 2013, the most prestigious awards that recognized excellence in Education sector. Awardees received national recognition and were termed as best education entities in the country. Two very important reports were also launched during the show.
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