, 5 tweets, 2 min read
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!
👉 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 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
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
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