The university, an autonomous body under administrative control of the Civil Aviation Ministry, would have an estimated funding of Rs 202 crore during the 12th Plan period, of which Rs 80 crore has already been sanctioned by the Centre.
The need for the university was felt due to the "marked absence of credible institutions imparting specialised technical and managerial training in air transportation, safety, security and regulatory areas," the bill's Statement of Objects and Reasons said.
"The opportunity cost of not investing in human resources required for the civil aviation sector in India at this juncture would result in reduced growth, increased cost of operations, compromise on safety and missed opportunities," it pointed out.
The varsity would promote aviation studies, training and research with focus on emerging areas like aviation management, aviation regulation and policy, aviation history, aviation science and engineering, aviation law, aviation safety and security and aviation medicine.
As there was a sizeable number institutions providing flying training, there was a need to standardise the quality of such education and training through affiliation and academic supervision by a central university, the statement said.
The M K Kaw Committee had recommended the setting up of such a university in 2006. Later, the 12th Plan document had also made a similar, with the Planning Commission granting in-principle approval to the Detailed Project Report submitted by the Civil Aviation Ministry.