Was #StatueOfUnity a Good Investment?
It cost 3000 Cr and generated 72 Cr Revenue in 1 yr
👉 If you keep this much money in savings bank @ 5% interest, you'd get 150 Cr every year without doing anything!
👉Taxpayers paid for Statue, taxpayers pay to see Statue. Double Dhamaka!
It cost 3000 Cr and generated 72 Cr Revenue in 1 yr
👉 If you keep this much money in savings bank @ 5% interest, you'd get 150 Cr every year without doing anything!
👉Taxpayers paid for Statue, taxpayers pay to see Statue. Double Dhamaka!
👉 Maintence and employee costs significantly bring down the profit generated from revenue
👉 Talking about maintence, during the rainy season Statue got flooded because of bad design. Authorities said it's not a defect but it's a part of design.
👉 Talking about maintence, during the rainy season Statue got flooded because of bad design. Authorities said it's not a defect but it's a part of design.
👉 Talking about employees, at one point, the salary for employees working at the Statue hadn't been paid for 3 months. They had to protest to demand their salaries.
All this happened within first year.
Anyone who considers it a "Good Investment" is either foolish or a scammer
All this happened within first year.
Anyone who considers it a "Good Investment" is either foolish or a scammer
Sources:
Poor design: news18.com/news/india/lea…
Revenue generated: timesofindia.indiatimes.com/city/ahmedabad…
Salaries: newscentral24x7.com/statue-of-unit…
Poor design: news18.com/news/india/lea…
Revenue generated: timesofindia.indiatimes.com/city/ahmedabad…
Salaries: newscentral24x7.com/statue-of-unit…
Last year, I had estimated that the Statue will not recover its cost as profit even in a 100 years
Considering that the rate of inflation @ 4% is higher than the returns on statue @ 2.4% ,I predict that Statue will never ever recover its cost
Considering that the rate of inflation @ 4% is higher than the returns on statue @ 2.4% ,I predict that Statue will never ever recover its cost
