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Zero outside investment in Ladakh, 185 outsiders purchase land in J&K

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KASHMIR NEWS TRUST #KNT

Government of India Wednesday informed that since the abrogation of Special Status, 185 non-locals have purchased land in Jammu and Kashmir. The government, however, added that neither land has been bought nor any outside company has made any investment in Ladakh since 2019.

In a written reply to a question, Union Minister of State for Home, Nityanand Rai, informed the Rajya Sabha that in 2020 only one person brought the land while 57 persons bought in 2021 and 127 in 2022.

“Further, as per the information provided by the Union Territory of Ladakh, no land has been bought by persons from outside the UT during the last three years,” he said.

The Minsiter informed that as per the information provided by the Government of Jammu and Kashmir, a total of 1559 Indian companies, including multinational companies, have made investments in the UT.

“In the 2020-21 financial year, 310 entitles have been invested while 175 in 2021-22 and 1074 in 2022-23,” he said, adding that as per the information provided by the Union Territory of Ladakh, no Indian companies, including multinational companies, have invested in the UT during the last three years,” he said. [KNT]

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