Modi suit fetches record Rs 4.31 cr at Surat auction

Auction money to be used for clean Ganga project

GN Bureau | February 20, 2015


#narendra modi   #narendra modi suit auction   #clean ganga project   #monogramme suit modi  

It started with a quote of Rs 51 lakh and, finally prime minister Narendra Modi's suit with his name woven into it in gold pinstripes has been lapped for Rs. 4.31 crore.

On the final day of auction in Surat, diamond merchant Hitesh Patel of Dharmanandan Diamonds became the owner the suit that has generated so much scrutiny and controversy. Hitesh’s initial offer was of Rs. 3.61 crore and even this amount was far more than figures quoted by other bidders.

On Thursday, another diamond merchant, Mukesh Patel offered Rs. 1.48 crore for the suit. Gujarat-based industrialist Komalkant Sharma bid for Rs. 1.41 crore.

An interesting bid was made by a school teacher. Rajesh Maheshwari, a nursery school teacher in Surat, offered Rs. 1.25 crore raised by a group of 250 people who contributed Rs. 50,000 each.
 
The suit worn by Modi during US president Barack Obama's visit last month was mocked by opposition parties. The suit was being auctioned along with 450 other gifts Modi received as the prime minister. The bids closed this evening and the money will be used for the clean river Ganga project.

Hitesh Patel told a news agency that “We will keep the suit in our office as a reminder of the noble cause we took part in.”


Who bid for the suit:
 

  • Mukesh Patel, builder from Surat and Sanjay Movliya, diamond trader, together bid at Rs 2.65 crore.
  • Vipul Shah, Mumbai based diamond trader bids for Rs 2.51 crore.
  • Surat’s Mukesh Patel  made a bid of Rs 2.31 crore.
  • Rajesh Jain, owner of an engineering firm in Haryana, made another bid of Rs 2.9 crore.
  • Dharmanandan Diamonds Pvt. Ltd made a bid of Rs 2.8 crore.
  • NRI businessman Chandresh Ojha make a bid at Rs 1.95 crore.
  • Rajesh Jain, owner of an engineering firm in Haryana, made a bid of 1.85 crore.
  • Surat-based businessmen ​Lavji Badshah and Jayanti Aklara ​made a bid for Rs 1.81 crore.
  • Lavji Patel, a diamond merchant from Surat made a bid of Rs 1.71 crore.
  • Surat’s Rajesh Jain bids for  Rs 1.65 crore.

Comments

 

Other News

Stories to read over the weekend

At one time these pale rooms of the Delhi commission for women looked like sleepy corners of officialdom; they are now best described as a bustling sarkari office. The woman who transformed this moribund organisation hardly looks like a powerful leader. Dressed in casual blue jeans and loose deni

Tata Trusts, PFA to build state-of-the-art veterinary hospital

Tata Trusts and People For Animals (PFA) announced their collaboration to build a state-of-the-art, multi-specialty veterinary hospital and emergency clinic at Navi Mumbai to serve the needs of all domestic and farm animals at affordable rates.   The hospital will be built in Kala

The shot just got smarter

A long queue of women, infants in their arms, extends outside the immunisation room at the community health centre (CHC) in Bhangel village, Noida, a pink double-storey building beside a bustling market. Unmindful of the chit-chatting and baby babble, Mariamma Samuel, an auxiliary nurse-cum-midwi

Do you think fugitive industrialist Vijay Mallya will be extradited from Britain to India?

Do you think fugitive industrialist Vijay Mallya will be extradited from Britain to India?

Reform first, privatise later: Bibek Debroy to railways

Before privatisation and corporatisation, the Indian Railways need to undertake major reforms including commercial accounting, decentralisation and human resource among others, said Bibek Debroy, economist and member, NITI Aayog at Railways Reforms and Governance Conclave organised by Governance Now on Fri

NTPC plans for 32 GW installed capacity via renewable sources

NTPC Ltd has raised Rs 2,000 crore through green masala bonds in overseas market under its $4 billion medium term note programme, union minister Piyush Goyal informed the Lok Sabha. The proceeds of these bonds will be used for financing renewable energy projects in accordance with applicable

Video

हमेशा रहें चुनाव के लिए तैयार - मोदी ने कहा सांसदों से

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter