Pearson to invest $30 m in India

Pearson, the publisher of Financial Times and owner of Penguin, on Wednesday said it will pump in  $ 30 mn (about Rs 145 crore) in India to acquire 50 pc stake in Educomp’s vocational training business and over 17 pc in a Bangalore-based e-tutoring firm. The investments are aimed at catering to the industry’s  demand for skilled labour.

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