New Delhi: The Central government on Thursday approved the establishment of a Central University in the union territory of Ladakh. As per the latest announcements, this Central University will be constructed with a project cost of Rs 750 Crore. Moreover, the first phase of the university will be completed in four years. This was announced by Union minister Anurag Thakur in a press conference on Thursday.Also Read - Government Approves Samagra Shiksha Scheme for School Education for Another 5 Years

Giving further details, Thakur said two important decisions for Ladakh have been taken. He also added that an integrated, multi-purpose corporation will be set up in Ladakh as well. Also Read - Jammu and Kashmir Lockdown: Resumption of Physical Hearing of Court Cases in J&K, Ladakh from August 2

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He also added that a long-pending demand — the Central University in Ladakh — will address regional imbalances in higher education level and promote overall growth and development of the UT.

Moreover, he also stated that establishment of the Ladakh Integrated Infrastructure Development Corporation Limited (LIIDCO) will look at the development of industries and tourism in the region.

“This will aid in setting up infrastructure. It will operate as Ladakh’s main construction agency. This will be set up under the Companies Act,” Anurag Thakur said.