Chandigarh-based Ind-Swift to foray into education arena

Written by Preeti Parashar | Chandigarh, Mar 27 | Updated: Mar 29 2008, 05:27am hrs
Chandigarh-based manufacturer and exporter of Active Pharmaceutical Ingredients- Ind-Swift Ltd is firming up its plans to foray into the education sector. With initial investment of over Rs 500 crore, the company plans to develop four deemed universities in Punjab, Himachal Pradesh, Haryana and Uttarakhand.

Expanding upon this, Gopal Munjal, chairman Ind-Swift Ltd told FE, "We have formed a society called Swift Fundamental Research and Education to develop and run these universities. We are starting with Punjab and about 60 acre of land has been acquired at Rajpura-Ambala highway for the project. The process is on to acquire another 40 acre. Two campuses have been developed at first for nursing and pharmacy institutes. The batch will commence from July onwards this year. Engineering, hotel management, architecture and business management institutes will be added next year and later on campus will be set up for dentistry, medical college and a super specialty hospital. The university will assume the status of a full-fledged deemed university by 2011. The investment in Rajpura is expected to touch Rs 250 crore over a period of 3 years."

Ind-Swift is holding talks with other three state governments as well to start work on the projects. Munjal further added, "We are looking at options in Haryana near Panchkula, Mewat and Karnal to set up the university campuses. In Himachal we'll either go to Una or Mandi. Overall we are planning to develop about 16 campuses of different institutes in our deemed universities. We are also exploring tie-ups for super specialty hospitals in the field of liver transplant and cardiac surgery in Rajpura and cardiac, neurology and advanced pediatrics for Himachal. The faculty and the doctors will be either outsourced from West/South in India or abroad. This is aimed to promote medical tourism in this region and attract people from the West Asia and Afghanistan."

The company will soon be running advanced courses for doctors in its Swift institute near Mohali.