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Rodyk Acts For Raffles Education Corporation In US$100 Million India JV
September 2008 | India Practice | Regional | Regional Reports

Rodyk acted for Raffles Education Corporation Limited ("REC") in its joint venture in India with Educomp Solutions Limited to bring REC's brand of educational programmes and courses to the Indian market. Both parties are expected to pump in US$100 million into this joint venture, which is REC's first ever partnership in India, thus bringing to the Indian market REC's campus-based higher education courses in creative arts, design, lifestyle and business management.

REC's investment in India is yet another example of Singapore companies entering the Indian market to tap into a market that has great potential. As Singapore companies' knowledge of the Indian market increases over time through cross-border transactions with their Indian counterparts, new heights in Singaporean investments into India should be attained.