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

Hydro engineering college to come up in Himachal

 Prime Minister Narendra Modi has laid the foundation stone of hydro engineering college at Bilaspur in Himachal Pradesh. The college, being set up by National Thermal Power Corporation (NTPC) and NHPC, will provide B Tech courses in mechanical, electrical, civil and computer science discipl

BHEL commissions 3MW solar plant in Dadra & Nagar Haveli

 Bharat Heavy Electricals Limited has commissioned a three Mega Watt solar photo voltaic power plant in Dadra and Nagar Haveli.  BHEL executed this project on a turnkey basis for Dadra and Nagar Haveli power distribution corporation limited at Velugam.   It

Back to the drawing board: Kejriwal

Time to go back to the drawing board, said Delhi chief minister and Aam Aadmi Party leader Arvind Kejriwal on Saturday, days after his party failed to make its mark in the Delhi civic elections.   In a message, Kejriwal said that in the last 2 days, I spoke to many vo

Grasp the nettle by taxing rich farmers

  The tax net needs to be expanded and the rich farmers must pay up their taxes. This week saw quite a bit of going back and forth over this prickly issue after Niti Aayog member Bibek Debroy batted for taxing agricultural income.   Niti Aayog vice chairman A

Attention to NTDs, dream of an equal, accessible internet and the struggles of CIC

  A giant yellow inflatable schistosomiasis worm, with ‘Making Schistory’ printed on it, floated on Lake Geneva, marking the five years since the London Declaration on neglected tropical diseases (NTDs). Though in 2015 about 1.59 billion people received treatment for at least

BBNL, BSNL to provide broadband connectivity to 1.3 lakh rural post offices

In order to provide broadband connectivity of BharatNet to post offices in rural areas, Bharat Broadband Network Limited (BBNL), department of posts and Bharat Sanchar Nigam Limited (BSNL) have signed a tripartite agreement.   The agreement is the first tri-partite MoU which



Video

शहीदों के लिए आगे आये आईएएस अफसर

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter