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With Rs 25 crore share capital the corporation will be first organization dedicated to development in the region
Corporation will work for industry, tourism, transport and marketing of local products and handicraft
Corporation to work as main construction agency for infrastructure development in Ladakh
Goal of Atmanirbhar Bharat to be realized through employment generation, inclusive and integrated development of Ladakh region

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the establishment of an Integrated Multi-purpose infrastructure Development Corporation for the Union Territory of Ladakh

The Cabinet also approved the creation of one post of Managing Director, for the corporation in the pay scale of Rs.1,44,200- Rs.2,18,200level.

The authorized share capital of the Corporation will be Rs.25 crore and recurring expenditure will be around Rs. 2.42 crore per year. It is a new establishment. Presently, there is no such similar organization within the newly formed UT of Ladakh. The approval has an inherent potential for employment generation as the corporation will be undertaking various kinds of developmental activities. Corporation will work for industry, tourism, transport and marketing of local products and handicraft. Corporation will also work as main construction agency for infrastructure development in Ladakh.

The establishment of corporation will result in inclusive and integrated development of the Union Territory of Ladakh. This will, in turn, ensure socio-economic development of the entire region and population of the Union Territory.

The impact of development will be multi-dimensional. It will help in further development of human resources and better utilization thereof. It increases domestic production of goods and services and will facilitate their smooth supply. Thus, the approval will help in realizing the goal of Atmanirbhar Bharat.

Background:

Consequent upon re-organisation of the erstwhile State of Jammu and Kashmir as per the Jammu and Kashmir Reorganisation Act, 2019, the Union Territory of Ladakh (without Legislature) came into existence on 31.10.2019.

An Advisory Committee was constituted under section 85 of the Jammu and Kashmir Reorganization Act, 2019 for making recommendations regarding the apportionment of the assets and liabilities of the erstwhile State of Jammu and Kashmir between the Union Territory of Jammu and Kashmir, and the Union Territory of Ladakh. The said Committee inter-alia recommended for the establishment of an Integrated Infrastructure Development Corporation Limited on the lines of the Andaman & Nicobar Islands Integrated Development Corporation Limited (ANIIDCO), with an appropriate mandate to take up various developmental activities as per the specific needs of Ladakh.

iii. Accordingly, the Union Territory of Ladakh sent a proposal to this Ministry for the establishment of the corporation in the Union Territory of Ladakh, which was recommended by the Committee on Establishment Expenditure (CEE), Ministry of Finance in April, 2021.

 

 

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COVID taught us that we are stronger and better when we are together: PM Modi
September 25, 2021
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COVID taught us that we are stronger and better when we are together: PM
“Generations will remember the manner in which human resilience prevailed over everything else”
“Poverty cannot be fought by making the poor more dependent on governments. Poverty can be fought when the poor start seeing governments as trusted partners”
“When power is used to empower the poor, they get the strength to fight poverty”
“The simplest and most successful way to mitigate climate change is to lead lifestyles that are in harmony with nature”
“Mahatma Gandhi is among the greatest environmentalists of the world. He led a zero carbon footprints lifestyle. In whatever he did, he put the welfare of our planet above everything else”
“Gandhi ji highlighted the doctrine of trusteeship, where we all are trustees of the planet with the duty of caring for it”
“India is the only G-20 nation that is on track with its Paris commitments”

Namaste!

It is a delight to address this young and energetic gathering. In front of me is a global family, with all the beautiful diversity of our planet.

The Global Citizen Movement uses music and creativity to bring the world together. Music, like sports, has an inherent ability to unite. The great Henry David Thoreau once said, and I quote: "When I hear music, I fear no danger. I am in-vulnerable. I see no foe. I am related to the earliest of times, and to the latest."

Music has a calming impact on our life. It calms the mind and the entire body. India is home to many musical traditions. In every state, in every region, there are many different styles of music. I invite you all to come to India and discover our musical vibrancy anddiversity.

Friends,

For almost two years now, humanity is battling a once in a lifetime global pandemic. Our shared experience of fighting the pandemic has taught us we are stronger and better when we are together. We saw glimpses of this collective spirit when our COVID-19 warriors, doctors, nurses, medical staff gave their best in fighting the pandemic. We saw this spirit in our scientists and innovators, who created new vaccines in record time. Generations will remember the manner in which human resilience prevailed over everything else.

Friends,

In addition to COVID, other challenges remain. Among the most persistent of the challenges is poverty. Poverty cannot be fought by making the poor more dependent on governments. Poverty can be fought when the poor start seeing governments as trusted partners. Trusted partners who will give them the enabling infrastructure to forever break the vicious circle of poverty.

Friends,

When power is used to empower the poor, they get the strength to fight poverty. And therefore, our efforts include banking the unbanked, providing social security coverage to millions, giving free and quality healthcare to 500 million Indians. It would make you happy that about 30 million houses have been built for the homeless in our cities and villages. A house is not only about shelter. A roof over the head gives people dignity. Another mass movement taking place in India is to providedrinking water connection to every household.The Government is spending over a trillion dollars for next-generation infrastructure.For several months last year and now, free food grains have been provided to 800 millions of our citizens.These, and several other efforts will give strength to the fight against poverty.

Friends,

The threat of climate change is looming large before us.The world will have to accept that the any change in the global environment first begins with the self. The simplest and most successful way to mitigate climate change is to lead lifestyles that are in harmony with nature.

The great Mahatma Gandhi is widely known for his thoughts on peace and non-violence. But, do you know that he is also among the greatest environmentalists of the world. He led a zero carbon footprints lifestyle. In whatever he did, he put the welfare of our planet above everything else.He highlighted the doctrine of trusteeship, where we all are trustees of the planet with the duty of caring for it.

Today, India is the only G-20 nation that is on track with its Paris commitments. India is also proud to have brought the world together under the banner of the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure.

Friends,

We believe in the development of India for the development of humankind.I want to conclude by quoting the Rig Veda, which is perhaps one of the world's oldest scriptures.Its verses are still the golden standard in nurturing global citizens.

The Rig Veda says:

संगच्छध्वंसंवदध्वंसंवोमनांसिजानताम्

देवाभागंयथापूर्वेसञ्जानानाउपासते||

समानोमन्त्रःसमितिःसमानीसमानंमनःसहचित्तमेषाम्।

समानंमन्त्रम्अभिमन्त्रयेवःसमानेनवोहविषाजुहोमि।।

समानीवआकूति: समानाहृदयानिव: |

समानमस्तुवोमनोयथाव: सुसहासति||

It means:

Let us move forward together, speaking in one voice;

Let our minds be in agreement and let us share what we have, like the Gods share with each other.

Let us have a shared purpose and shared minds. Let us pray for such unity.

Let us have shared intentions and aspirations that unify us all.

Friends,

what can be a better manifesto for a global citizen than this?May we keep working together

for a kind, just and inclusive planet.

Thank you.

Thank you very much.

Namaste.