Monday, February 26
Ladakh attracts investment of Rs 210.91 Crore post UT status: Centre

Ladakh attracts investment of Rs 210.91 Crore post UT status: MHA

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477 purchase land in cold desert
LEH: The Central government on Wednesday informed the Lok Sabha that an investment of over 210.91 crore has been made in various sectors of Ladakh union territory since the abrogation of Article 370 in 2019.

While the sale deeds for the purchase of land in the cold desert skyrocketed in the successive years from 71 in 2020 to 151 in the year 2023.

In a reply to a query, Minister of State in Ministry of Home Affairs, Nityanand Rai, said the Ladakh UT has recorded investment under Prime Minister Employment Generation Programme (PMEGP) and Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) primarily focussing on the local finance sector.

As per the information provided by the Administration of Union Territory of Ladakh, the year wise number of entities and the amount of investment in the Union Territory of Ladakh since 2019 include; From the year 2018-19, a total number of 338 unites recorded Rs 32.27 Crore Project cost/ Capital investment, while from the year 2019-20, 335 unites recorded Rs 36.43 crore investment, in 2020-21, Rs 52.17 Cr in 437 units, in 2021-22, Rs 29.56 cr in 252, Rs 35.85 cr in 2022-23 in 260 units, and Rs 24.63 crores investment recorded in 182 units in 2023-24 (Till December 2023).

In a reply to a query, about number of persons who have bought land in Ladakh since 2019, Minister of State in Ministry of Home Affairs, Nityanand Rai said from 1st November 2019, the union territory of Ladakh attracted a total of 477 sale deeds regarding purchase of land in Ladakh.

As reported by the Government of Union Territory of Ladakh, the details regarding purchase of land in Ladakh since 2019 include

In the year 2020 the UT attracted 71 number of registered sale deeds, in 2021 the number surged to 128, while in the year 2022 the purchasers rose to 127, and in 2023 the number went high when a total of 151 number of sale deeds were registered in the UT of Ladakh.

Meanwhile, the Central government also informed the Lok Sabha that an investment of over Rs 5600 crore has been made in various sectors of Jammu and Kashmir since the abrogation of Article 370 in 2019.

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