The Gujarat government signed an MoU (memorandum of understanding) with Cerestra to set up Gujarat-Special Education Region at Dholera Special Investment Region.
G-SER - incepted as a 1,000-acre education hub with a development potential of more than 5,000 acres - will consist of university district, school district, discovery district, and innovation district. This will be supported by common infrastructure such as student housing, sports complex, etc. in Dholera Special Investment Region. GSER is set to compete with other top education clusters around the world.
As a part of this endeavour, the state government has established an MoU with M/s Cerestra Managers Private Limited. Cerestra Ventures, India’s largest education infrastructure fund, in association with the state government, will develop the Special Education Region at Dholera. The Hyderabad-based private equity firm is engaged in investment, development and management of real assets in the field of education and life sciences. Under its education vertical, Cerestra is focused on setting up “First in Class” quality-centric education hubs which includes schools and student housing and has implemented projects in Mumbai, Hyderabad, and Bangalore.
CM Vijay Rupani said that Dholera is the first modern greenfield industrial city developed for supporting industrial 4.0 manufacturing. The SER will further boost overall development of the region and will support in achieving the aim of Gujarat being a knowledge-driven economy, the CM said.
M K Das (IAS), chairman, Dholera Industrial City Development Limited, said, “Gujarat has a track record of implementing many innovative socio-economic and dynamic models of inclusive growth and development .”
“Cerestra is an end-to-end integrated education investment platform, with student housing edu-infra and school operations. Cerestra aims to create a sustainable and well diversified portfolio of edu-infra and plans India’s maiden eduinfra InvIT (Infrastructure Investment Trust). G-SER MoU is another milestone in that direction” said Jasmeet Chhabra, managing partner of Cerestra.