Challenge of space demands an integration of diverse and varied fields in order to develop a new discipline of teaching at the university level. Interaction of education and space research has mutual benefit. Impact, characteristics of space research and its suitability as an academic pursuit, prompt to generate education system and its infrastructure. Manpower requirements are estimated to the order of 100,000 persons besides a high potential of employment in allied fields. Various curricula and research projects are identified. The universities of the developing world do not have large scale infrastructure and a culture for innovative experimentation. Their problems and options have been addressed to. An international centre for space studies is proposed to redress the imbalance and enhance the involvement of the developing world.