Max Group eyes education, hotels

Education and hospitality could well be the next growth hotspots for the Analjit Singh promoted Max group. “We have already decided on medicine but we are open to a wider range of education opportunities,” Max India Chairman Analjit Singh told Hindustan Times in an exclusive interview at his Aurangzeb Road residence in Lutyen’s Delhi.

The medical colleges will come up in Uttarakhand, Punjab and Haryana, Singh said.

Besides, Singh is in talks with the PRS Oberoi-promoted EIH Ltd for making a foray into the fast-growing hospitality sector. He holds 4.5 per cent stake in EIH Ltd and was in the news recently for reportedly planning to acquire 17 per cent stake in the hotel chain.

“We have made a beginning, we have acquired a 30-acre plot of land near Dehradun for the construction of a hotel-cum-wellness resort, which would be managed by the Oberoi Group,” he said.

A total investment of Rs 2,700 crore has already been made so far, while another Rs 700-800 crore is likely to be injected in the next two years, part of which Singh plans to raise by roping in private equity partners.

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