Home / Financial News / PM’s bandhgala suit attracts Rs 1.39 crore bid on day 2

PM’s bandhgala suit attracts Rs 1.39 crore bid on day 2

Prime Minister Narendra Modi’s controversial pinstripe monogrammed bandhgala suit today received a fresh bid of Rs 1.25 crore from a textile trader here.

The suit, worn by Modi during US President Barack Obama’s visit to India last month, is being auctioned in Gujarat’s diamond city. 

Surat-based Rajesh Maheshwari, who has established a global Modi fan club, made the offer of Rs 1.25 crore, Rs 4 lakh more than yesterday’s highest bid of 1.21 crore. 

Surat district collector Rajendra Kumar confirmed that the highest bid placed for the suit is Rs 1.25 crore so far, and that bids would continue till Friday afternoon. 

Rajesh Juneja from Surat had bid Rs 1.21 crore for Modi’s suit and had emerged as the highest bidder yesterday. He had said yesterday that he would want to keep the suit as a souvenir and that he would match the bid if it goes up a little further. Juneja, however, had said that if the bid goes up steeply, then he might reconsider proceeding further. 

Prior to Juneja’s bid of Rs 1.21 crore, the auction saw bids of Rs 11 lakh, Rs 51 lakh, Rs 1 crore and Rs 1.11 crore, respectively. The first bid was made for Rs 11 lakh by a Surat-based chartered accountant Pankaj. The very second bid yesterday had been for Rs 51 lakh, made by an estate dealer Raju Agarwal. 

The Surat auction has seen participation from various realtors, diamond traders and industrialists. 

The suit, which kicked up a political storm, is being auctioned along with 455 items that Modi had received as gifts during his nearly nine-month long tenure to generate funds for the Prime Minister’s ambitious ‘Clean Ganga Mission’. 

Surat Municipal Commissioner Milind Toravane said, “The gift items belonging to Prime Minister Modi are a national treasure and the money generated from the auction will be utilised for the ‘Clean Ganga Mission’.”

Besides, gifts given to Gujarat chief minister Anandiben Patel amounting to 361 items are also being auctioned. The proceeds from the auction of these items will go to the Mukhya Mantri Kanya Kelavani Nidhi – (Girl child welfare fund). 

Displayed at Science Center gallery in Surat for three days, the items include cloths, showpieces and gift items made from glass, metal, silver, gold, wood and ceramics. 

The suit, worn by PM Modi and believed to be worth Rs 10 lakh, had drawn flak from other political parties like Aam Aadmi Party (AAP) and Congress. 


Check Also

Debate on Article 370 marked by posturing, says RSS

The Rashtriya Swayamsevak Sangh (RSS) is recalibrating its discourse on its demand ...

Street cautiously positive on JSPL post coal mine

Jindal Steel and Power (JSPL), which witnessed its lowest point in the ...