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

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter