Union Cabinet approves Central University in Ladakh, to cost Rs 750 crore

The Centre on Thursday approved the establishment of a central university and an integrated multi-purpose infrastructure development corporation for Ladakh, which Prime Minister Narendra Modi said will ensure all-round development of the newly-created UT and provide a range of opportunities to the dynamic youth there.

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.

Information and Broadcasting Minister Anurag Thakur said the university will be set up with a total outlay of Rs 750 crore and will cater to all areas of the Union Territory (UT) of Ladakh that include Leh and Kargil.