The world's first integrated aviation university and training campus will come up in Bangalore with Sydney-based Centre for Asia Pacific Aviation (CAPA) setting up a $125 million CAPA AeroPark in the city.
CAPA has inked a deal in Sydney yesterday with Bangalore-based real estate developer, Subramanya Construction and Development Company (SCDC), for developing the AeroPark.
"We are excited to launch this new and vital concept in India to support the long term growth of aviation sector. There is an emerging global shortage of skilled human resources in the industry, which is particularly acute in rapidly emerging markets such as India and neighbouring regions.
"The aviation industries in India and the Gulf alone are expected to see investment of in excess of $200 billion over the next decade and availability of skills is critical to support this," Peter Harbison, CAPA Group Executive Chairman said.
CAPA AeroPark will work with the leading global education and training providers. We are delighted to have SCDC as our partners in this venture, our complementary strengths in aviation and major project development are ideally matched to bring CAPA AeroPark to fruition, he added.
K N Balasubramanyam, Chairman of the SCDC Group said "we are delighted to partner with CAPA to bring this unique project to Bangalore, which will be vital for developing a professional, sustainable and safe aviation industry and will help position India as a globally competitive aviation and aerospace hub."
This is our first foray into the private education sector and will soon follow with initiatives in healthcare and hospitality, he added.
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It will be world first integrated aviation university and training campus that would be developed on a 50-acre site in the Indian city with satellite academies in Delhi and Mumbai.
There are plans for further roll-out to other metro cities across India, South Asia and the Gulf, CAPA said in a statement.
The AeroPark would offer a university, international standard academies for airline and airport management, pilots, engineers, air traffic controllers, cabin crew and regulators.
Each academy would be developed in partnership with the leading global providers in their field.