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Narendra Modi’s suit sold for over USD 690,000

in International Business

Narendra Modi’s suit sold for over USD 690,000

Indian Prime Minister Narendra Modi’s suit was sold for Rs 4.31 crore (USD 693,234) at an auction to Surat diamond baron and private airline owner Laljibhai Patel.

A higher bid of Rs. 5 crore by another diamond baron, Mukesh Patel, was rejected since it was past the 5pm deadline.

Modi had worn the suit during US President Barack Obama’s visit to India in January.

The critics attacked Modi when it was revealed the suit, which had ‘Narendra Demodardas Modi’ monogrammed as pinstripes, was worth Rs. 11 lakh.

An Indian businessman, Ramish Virani, claimed to have gifted Modi the suit on his son’s wedding, which coincided with Obama’s visit on January 26.

Hi suit along with 455 other gifts given to him were sold on Friday at a three-day intense auction.

Three renowned business tycoons made bids–of Rs. 2.08 crore, Rs. 2.51 crore and Rs. 4.31 crore.

According to sources, the money will go towards cleaning of Ganga river.

“On my way to the Science Centre in the evening, I made up my mind to purchase the suit. The money does not matter. Even if it had exceeded Rs 5 crore, I would have definitely purchased it. The coat cannot be valued in money, the cause behind it — of cleaning river Ganga — is important. I was hoping that PM Modi would hand me the suit, but I don’t mind taking it from the hands of local authorities,” Indian Express quotes Laljibhai.

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