New Delhi: The Union Cabinet approved on Wednesday a project to set up India’s National Rail and Transport University (NRTU) in Vadodara in Gujarat.
The Cabinet which met under the chairmanship of Prime Minister Narendra Modi, also approved a new skill development scheme having an outlay of '1,300 crore with an aim to create jobs in the organised textile and related sectors.
The National Academy of Indian Railways (NAIR) already exists in Vadodara.
A not-for-profit company under Section 8 of the Companies Act, 2013, will be created by the ministry of railways which shall be the managing company of the proposed university, the ministry said in a statement.
The project has been pending for the past three years. The new company will provide financial and infrastructural support to the university, and appoint Chancellor and Pro- Chancellor of the university, the statement said.
