Scholastic Launches Operations in India.NEW YORK--(BUSINESS WIRE)--Oct. 7, 1997-- Scholastic India Private Ltd. Under Direction of Arvind Kumar, Announced Scholastic Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SCHL SCHL Societé Canadienne d'Hypothèques et de Logement (Canada Mortgage and Housing Corporation) SCHL Southwest Collegiate Hockey League ) has announced that its subsidiary, Scholastic India Private Ltd., will begin operating school-based clubs and book fairs in India. Initially operations will focus on the 600,000 students in the Delhi private schools. Headed by Arvind Kumar, former director of the National Book Trust of India and architect of the New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. International Book Fair, Scholastic India will provide quality books and materials to parents, teachers and children. Beginning in Delhi, Scholastic plans to systematically expand to the 10 major metropolitan areas throughout the country within the next three years. "This is the most opportune op·por·tune adj. 1. Suited or right for a particular purpose: an opportune place to make camp. 2. Occurring at a fitting or advantageous time: an opportune arrival. time for introducing Scholastic products and services into the expanding market in India. There is great need and great scope," said Kumar. Richard Robinson
Sir Richard Atkinson Robinson , president, chief executive officer and chairman of the board of Scholastic, said, "We are honored that Arvind Kumar has become Scholastic's managing director in India, for he has the vision and the energy to bring high-quality books at low prices to millions of Indian children using Scholastic's school-based distribution concepts." Scholastic is beginning operations in India because of the opportunity provided by the country's rapid economic growth, an expanding middle class with high educational goals for its children, and the country's widespread use of English as the language of education and business. The children's book market in India is growing rapidly because parents actively prepare their children for highly competitive private school and university systems. Scholastic believes that its school-based book club and fair distribution channel will help provide parents, teachers and children with direct access to a wide range of high-quality reading and educational materials from Scholastic and other leading publishers around the world. For more than 75 years, Scholastic has been committed to creating quality educational materials for students and teachers. The company is one of the leading publishers and distributors of children's books, classroom and professional magazines, and other educational products. Scholastic also publishes educational software and produces children's and family-oriented video and television programming. The company's international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. include Canada, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , the United Kingdom and Mexico. CONTACT: Scholastic Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Chuck Wentzel, 212/343-4627 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion