NEW DELHI: The Union Cabinet has approved the formation of a Central University in the union territory of Ladakh. This upcoming university will be constructed at a project cost of Rs.750 crore. The first phase of the university will be completed in four years, informed Union minister Anurag Thakur while announcing Cabinet decisions on Thursday, July 22, 2021. The bill for amending the Central Universities Act, 2009 will be introduced to facilitate the formation of a Central University in Ladakh.
Anurag Thakur said, “Establishing this university will remedy regional imbalances in the field of higher education and help intellectual growth in the region, as well as aid the propagation of higher education. The central university will also become a model for other educational institutes in the region. ”
Central University covers the Ladakh region:
The jurisdiction of the upcoming Central University will cover the entire Ladakh region, including Leh and Kargil. These regions were left out of the jurisdictions of central universities in Jammu and Kashmir after the state was bifurcated into two UTs.
Development projects in Ladakh:
The Cabinet also announced the formation of an integrated multipurpose corporation for shouldering development projects in Ladakh while keeping in mind the tough terrain of the region, said Thakur.
“This corporation will look after the development of industries, tourism, transport services in Ladakh and marketing of local products and handicrafts. It will also aid infrastructure development and will function as the primary infrastructure construction agency in Ladakh, “the minister informed during the conference.
The corporation will be formed under the Companies Act with an authorised share capital of Rs 25 crore, Thakur said, adding that the annual outlay for the corporation will be Rs 2.42 crore.
The minister said, “the corporation will drive development efforts in the region and create job opportunities there.”