The Union Cabinet has approved to set up the first ever National Rail and Transport University (NRTU) in Vadodara.
The university, an initiative of Ministry of Railways, will be established as a Deemed to Be University under de novo category as per the UGC [Institutions Deemed to be Universities] Regulations, 2016, a statement by union government said.
The initiative will help the ministry to skill its human resources and build capability. According to the statement from the Central Government, it will be a catalyst for transformation of rail and transport sector towards New India, said the statement.
The university is likely to launch its first programme in July 2018 as the Government is working towards completing all approvals by April 2018.
Under Section 8 of the Companies Act, 2013, the Ministry of Railways will create a not-for-profit company to manage the proposed university. Along with providing financial and infrastructural support to the university, the company will also appoint Chancellor and Pro-Chancellor of the university. Board of Management, comprising professionals and academics, shall be independent of the Managing Company with full autonomy to perform its academic and administrative responsibilities.
The proposed university will function at National Academy of Indian Railways (NAIR) at Vadodara, Gujarat. Academy’s existing infrastructure and land will be utilised, and suitably modified and modernized for the purpose of the university. The university is expected to have 3000 full time students. The funding of the new University/Institute is to entirely come from Ministry of Railways.
“This university will set Indian Railways on the path of modernisation and help India become a global leader in transport sector by enhancing productivity and promoting ‘Make in India’,” the statement said.
“It will support ‘Startup India’ and ‘Skill India’ by channeling technology and delivering knowhow, and foster entrepreneurship, generating large scale employment opportunities. This will lead to transformation of railway and transportation sector and enable faster movement of people and goods. Through global partnerships and accessing cutting edge technologies, India will emerge as a global centre of expertise,” added the statement.