The Union Cabinet on 22nd July approved the establishment of an Integrated Multi-purpose Infrastructure Development Corporation and a Central University in Ladakh.
The decisions to set up the central university at a cost of Rs 750 crore and the corporation with a fund of Rs 25 crore for Ladakh were taken at a meeting of the Union Cabinet chaired by the Prime Minister.
Currently, there is no similar organization in Ladakh and the approval has an inherent potential for employment generation as the corporation will be promoting industry, tourism, transport and marketing of local products and handicrafts.
When the Jammu and Kashmir Reorganisation Act was enacted in 2019, there was a Jammu central university and a Kashmir central university, but there was no central university in the UT of Ladakh. The Central Varsity hence will reduce the imbalance in Ladakh’s education sector and will enable students of this region to get quality higher education opportunities.