Vibrant Gujarat 2011: Career Point to invest Rs 300 crore on education sector in Gujarat

MUMBAI: Career Point Info Systems today said it has signed a Memorandum of Understanding (MoU) with Gujarat Government to invest Rs 300 crore in the formal education space in the state.

The Kota-based company will set up educational institutions in higher education, vocational training and skill development segment. The company inked the MoU on the second day of Vibrant Gujarat 2011 summit at Gandhinagar, a statement released here said.

"We are proposing an investment of Rs 300 crore in Gujarat over a period of four years. We expect to start the first institution imparting skill development courses by 2012 subjected to getting timely approval from various regulatory authorities," Career Point Managing Director and Chief Executive Officer Pramod Maheshwari said.