The Lieutenant Governor’s administration in Ladakh has framed a public industrial land allotment policy to draw investments to the Union Territory (UT). However, the policy is opposed by several groups in Ladakh.
According to Ladakh’s Department of Industries and Commerce, investment in the service sector is only for local entrepreneurs. “Outside entrepreneurs may be permitted in the manufacturing sector, Preference may be given to local entrepreneurs,” it said.
It envisaged that 70% of the land in industrial estates will be reserved for Micro and Small enterprises and 30% for Medium and Large investors.
