Financial Daily from THE HINDU group of publications
Thursday, Mar 07, 2002
Financial Daily from THE HINDU group of publications Thursday, Mar 07, 2002 |
|
|
|
|
|
Industry & Economy
-
Education Info-Tech - E-Commerce & E-Business Royal Dutch seeks to launch e-education venture in India Ambarish Mukherjee
NEW DELHI, March 6 THE Royal Dutch Shell Group of companies, the second largest energy conglomerate in the world, has firmed up plans to enter the Indian education sector in a big way. The company proposes to invest approximately Rs 87.5 crore ($18 million) as part of the diversification of its Indian operations in this segment. The company has applied to the Foreign Investment Promotion Board for permission to undertake Internet-based training activities for primary school students in the country through the subsidiary route. According to the application filed by the company, a new subsidiary company called Shell India eServices Private Ltd (SIePL) has already been incorporated. The company proposes to be engaged in the development, marketing and delivery of an integrated Internet-based e-learning solution, which will include content, tools and equipment, catering to primary schools. Based on the group's global experience in the field of education, the integrated e-learning solution will be piloted in India and if successful, the project could be extended to educational institutes outside as well, the company has said in its appli- cation. SIePL was incorporated in December 2001. Mr Sanjay S. Varkey and Mr Alan McLean had subscribed to the memorandum of association at the time of incorporation and held 10 shares and 9,990 shares of Rs 10 each respectively. The company has sought permission from FIPB for transferring the 9,990 shares held by Mr McLean to Shell Internet Ventures BV and the 10 shares held by Mr Varkey in favour of Petroleum Assurantic Maatschapij BV, following which fresh investments to the tune of $18 million will be made "subject to market conditions''. The energy giant currently uses e-learning techniques to train its employees spread across 135 countries. The company has also sought permission to undertake the business of data processing, software development, procurement and distribution, electronic data storage and business process outsourcing. The proposal will be taken up by the FIPB for consideration on Thursday.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|