Pramod Maheshwari (CMD and CEO of Career Point), shared his views about the buzz around the highly anticipated education policy to be drafted by the central government. Maheshwari believes that the new policy will give freedom to the private education service providers to set up their education centers and also allow foreign institutions to partner with Indian institutions. The company doesn’t plan any partnership or capex for the next 18-24 months.
Pramod Maheshwari stated “So far the details of the report are not out but I am expecting that the government will allow freedom to private education service providers to set up education institutions. As far as Career Point is concerned we are looking at quite positively on this policy because we believe that government will also allow foreign institutions to partner with Indian institutions. As Career Point has already managed couple of universities and colleges, so if that is being permitted, foreign investment or foreign partnership in Indian education that may be a good fit for the Career Point University.”
The company is not focusing on setting up new institutions, no plans to raise capital. Our focus is to increase the strength of students in the existing institutions, says Pramod Maheshwari.