Srinagar, July 22(KNS): The cabinet has approved the establishment of a Central University in the union territory of Ladakh, at a cost of ?750 crore, Union Minister of Information and Broadcasting Anurag Thakur said on Thursday. 

He said that this will address regional imbalances in higher education level and promote overall growth and development of the union territory

“A central university will address regional imbalances in higher education level and stimulate intellectual current within the union territory,” he added.

“The cabinet has also approved an integrated multi-purpose Corporation in Ladakh. The corporation will help in infrastructure cooperation and will act as the main construction agency in the Union Territory,” the minister said. 

Earlier, Prime Minister Narendra Modi in his address to the nation had said that a new university would be established in Ladakh while the Union finance Minister had also announced about it in the Budget Speech 2021-22. (KNS)