Indian firm to invest $45m for education campus in Western Sydney
Leading Indian education provider S P Jain Center of Management will be investing $45 million to set up a new education campus in western Sydney.
The location for the new campus, however, is currently in the final stages of negotiation.
The new campus, expected to start taking its first students in 2012, is the first investment in education in New South Wales by an education provider from India.
It is expected 50 full-time jobs and 100 part-time jobs will be created over the next five years.
S P Jain’s President Nitish Jain said when the organisation thought of establishing in Australia, Sydney was the obvious location.“Setting up a campus in Sydney fits well with our plans to consolidate our Asia Pacific presence – the hotbed of growth,” he said.
Mr Jain is in Sydney for this week’s Forbes Global CEO Conference, which will bring together more than 400 of the world’s most influential business leaders.
“Our students are rotated through our campuses to be exposed to different business environments and, importantly, to understand and appreciate diversity and open their minds to a global view. We appreciate the support of Industry & Investment NSW in helping us to find the right location for the campus. The NSW Government has always been most welcoming,” Mr Jain added.
Premier Kristina Keneally and Minister for EducationVerity Firth, on September 27, joined S P Jain’s President, Mr Nitish Jain, to welcome the investment in a new global campus in Sydney.
“S P Jain Center of Management’s decision to invest $45 million here is great news for our international education sector. The NSW Government, through Industry & Investment NSW, and Austrade has worked with S P Jain to win this investment for our State. This investment confirms Sydney’s position as a high quality education provider and safe destination for Indian students looking to study overseas,” Ms Keneally said.
Minister for Education Verity Firth said the new investment demonstrated the strong demand for students wanting to live and study in NSW. “We want to encourage students to undertake their studies in NSW and we are already seeing positive results,” Ms Firth said. “In 2004, there were less than 500 Indian international students enrolled in the NSW vocational education and training sector. Last year, it was more than 18,000.”
S P Jain specialises in Master of Business Administration (MBA) programs and set up its first campus in Mumbai, India in 1981. In 2004, S P Jain established its first international campus in Dubai and in 2006 established a campus in Singapore.