Explore Investment Opportunities in Ladakh, India
CA Neetu Jain
Strategic Tax & Compliance Advisor | Real Estate | AML Regulations | Dubai, UAE
Bifurcated in 2019, Ladakh is now a union territory, independent of Jammu and Kashmir. The region shares its borders with Tibet to the east, Himachal Pradesh to the south, and Jammu and Kashmir to the west.
The economy of Ladakh is mainly dominated by small farms and herding. A self-sufficient rural economy, the land is irrigated by a system of channels that use the ice and snow from the mountains. Major crops grown in the area include barley and wheat. Since rice has been subsidized by the government, the crop has made its way to being a cheap staple.
The union territory is also an exporter of plush pashmina products and dried apricots. Ladakh has rich deposits of limestone to manufacture cement. Indus River in the region gives it great hydropower potential. The hilly areas also has substantial solar and wind potentials. With more than 320 clear sunny days in a year and average daily global solar radiation as high as 2022 kwh/m2/annum, Ladakh is a favourable hotspot for solar generation in India.
Over 300,000 tourists visit Leh and Ladakh every year, presenting an immense opportunity in the tourism sector. The government of India has initiated a number of development projects for Ladakh in solar energy, education and tourism at an estimated investment of INR 50,000 crores by 2023. In a bid to bring in investment and jobs to Ladakh, the food processing ministry plans to ramp up food processing and agriculture activities in the UT.
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