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 company will provide financial and infrastructural support to the university, and appoint Chancellor and Pro- Chancellor of the university, the statement said.
Officers say that the university plans to use latest pedagogy and technology applications such as satellite based tracking, Radio Frequency Identification and Artificial Intelligence to improve on-the-job performance and productivity.
“In its full enrolment, it is expected to have 3,000 full-time students. The funding of the new University/ Institute is to entirely come from Ministry of Railways,” the statement said.
He had announced the decision to start the university on the NAIR campus in Vadodara in 2016.