Monday, July 13, 2020
Home Fact-Check As inauguration of Statue of Unity completes a month, the mindless, illogical criticism doesn't...

As inauguration of Statue of Unity completes a month, the mindless, illogical criticism doesn’t seem to end

If one takes a closer look at the revenue generation by Statue of Unity, as on date, one can assume that over time it too, like its brethren monuments overseas will turn out to be a money- spinner, something that is definitely detrimental to the left model of governance.

Also Read

theangryindian
A jack of all trades, I love art, writing, food, travel, finance, animals. Have a canvas or two, a manuscript or two and a website on the anvil at all times. Besides this I have  around 12 years of work experience in Corp Sales across, Hospitality, BFSI & Tech. My last job was with a start-up. Currently I am in between jobs, adjusting to a new continent  with my husband and my cat Gangu in tow!

Its been a month since Sardar Vallabhai Patel’s Statue of Unity was inaugurated, yet the manufactured controversy surrounding it refuses to die down. In the last few days two well known public figures tweeted on the same:

This was a tweet by a prominent industrialist Mr Harsh Goenka, to which, naturally the leading light of the left-liberal (an oxymoron!), Mr Farhan Akhtar had to respond.

As epitomized here, the biggest grouse that the naysayers seem to have is surrounding the economics of the statue, namely: the money used to make the statue, should have been invested in alleviating poverty and that the other monuments so frequently quoted by nationalists are in developed countries, funded by private parties and not the government of the day.

This article is an attempt to rebut this facile argument.

The Statue of Unity, on the banks of the Narmada in Vadodara Gujarat, was constructed, for a sum of Rs 2,989 crores. It is currently the tallest statue in the world but is constantly compared with the Eiffel Tower, the Empire State Building and The Statue of Liberty. It is thus imperative to look at the other monuments which the Statue of Unity is being compared to one way or another.

Was there a controversy around Eiffel Tower?: Yes!

The Eiffel Tower, a global icon today, constructed between 1887-1889, as an entrance to the 1889 World’s fair, is 324 meters tall. During its construction, it too, much like the Statue of Unity faced criticism from a group of Artists, in France:

We, writers, painters, sculptors, architects and passionate devotees of the hitherto untouched beauty of Paris, protest with all our strength, with all our indignation in the name of slighted French taste, against the erection … of this useless and monstrous Eiffel Tower … To bring our arguments home, imagine for a moment a giddy, ridiculous tower dominating Paris like a gigantic black smokestack, crushing under its barbaric bulk Notre Dame, the Tour Saint-Jacques, the Louvre, the Dome of Les Invalides, the Arc de Triomphe, all of our humiliated monuments will disappear in this ghastly dream. And for twenty years … we shall see stretching like a blot of ink the hateful shadow of the hateful column of bolted sheet metal.

Was the Eiffel Tower cheap to construct? Was it constructed during times oEconomic Prosperity?: No to both!

Originally the cost of the tower in 1889, was close to 8 million francs, which even in 1889 amounted to a sizable cost.

But what our perfunctorily read friends in opposition and their rag-tag coalition fail to acknowledge is that the year 1889, the year of the inauguration of Eiffel tower, was also the year when the largest Bank Bailout of that time happened in France. Without going into the nuts and bolts of the crisis, suffices to say that on the evening of 7th of March, the French Minister of Finance, at that time, met the leading bankers of the day to form a plan, now called “lifeboat bailout” to rescue the Banque De France and prevent a Bank Run from happening. This was just two months before the Eiffel Tower was opened to the public. It was certainly not a case of great economic prosperity and calm in the run-up to the inauguration of the monument, as our ill-read friends from left like to claim.

Was the Eiffel Tower Privately Funded?: It was project financed. So, it was complicated!

The charge that the Eiffel Tower was a privately funded monument and that the government of the day had nothing to do with it, is not entirely correct.

Eiffel Tower is not just a feat of engineering but a financial feat too, where the public and private authorities entered into a contract to privately fund the construction cost of the tower, and then recover the same from ticket sale over a period of time.

The monument overtime would revert to public ownership once the cost got recovered. It’s an example of project financing, which is widely used for a whole lot of infrastructure projects across the world. This sort of project financing is also known as the Build, Operate Transfer model and the Public-Private Partnership or the PPP model.

What’s the point of the controversy? : Now we get to the core of the grudge!

The larger point that the left-leaning couch-economist are trying to obfuscate about is that the monuments such as Eiffel Tower, Empire State Building, Statue of Liberty, make sound economic sense since over a period of time these monuments make money many times over their construction cost.

For instance, the Eiffel tower, between 2011-2015, generated between Euro 50-60 million per annum from ticket sale alone. The Statue of Unity, earned Rs 2.1 crores in the first 10 days itself.

Add to this the fillip it gives to the growth of dependent industries, tourism, logistics, and we are looking at an economic revival model that can be easily replicated across states, across countries.

Indeed, if one takes a closer look at the revenue generation by Statue of Unity, as on date, one can assume that over time it too, like its brethren monuments overseas will turn out to be a money- spinner, something that is definitely detrimental to the left model of governance.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

theangryindian
A jack of all trades, I love art, writing, food, travel, finance, animals. Have a canvas or two, a manuscript or two and a website on the anvil at all times. Besides this I have  around 12 years of work experience in Corp Sales across, Hospitality, BFSI & Tech. My last job was with a start-up. Currently I am in between jobs, adjusting to a new continent  with my husband and my cat Gangu in tow!

Trending now

Amid political crisis in Rajasthan Congress, news agencies and media houses publish report based on fake Twitter account of Sarah Pilot

Media houses publish report on Rajasthan Congress political crisis based on fake Twitter account of Sachin Pilot's wife Sarah Pilot

Amid Rajasthan political crisis, ‘rebel’ Sachin Pilot meets former Congress leader Jyotiraditya Scindia

'Rebel' Congress leader Sachin Pilot met former Congress leader and BJP politician Jyotiraditya Scindia in Delhi amid Rajasthan political crisis

Agrima Joshua apologising to Maha Vikas Aghadi alliance shows that the Woke slogan of ‘speaking truth to power’ is only an excuse to undermine...

Agrima Joshua tagged Aditya Thackeray and asserted that she was convinced that it was BJP supporters trolling her in the guise of Shiv Sena.

Kerala Gold smuggling case accused arrested in Bengaluru, opposition parties accuse Pinarayi Vijayan govt of facilitating the escape

Two key accused in Kerala gold smuggling case Swapna Suresh and Sandeep Nair arrested from Bengaluru by NIA

Aakar Patel abuses Amitabh Bachchan and Sachin Tendulkar – reasons go beyond hatred for Modi

The 'Woke' secular-liberal camp of current times is defined by its elitist arrogance and crass snobbery. 'Human rights activist' Aakar Patel is one such specimen.

The Caravan’s ‘health journalist’ is upset that BMC sanitised the Bachchans’ residence after Amitabh and Abhishek test positive for coronavirus

Health journalist Vidya Krishnan shows ignorance of health protocol for Coronavirus, objects to sanitisation of COVID-19 patient

Recently Popular

The curious case of ‘Drone Boy’ who has made 600 drones using broken mixer grinders and televisions. A fact-check

While 'drone boy' Prathap NM has claimed to have made 600 drones using e-waste, not a single photo or video of them exist

‘Drone boy’ Prathap NM makes a statement after OpIndia fact-check: Here is why his explanation makes little sense

'Drone boy' Prathap NM says he won't show his drones due to intellectual property issues, but will show certificates from unregistered events

Sachin Pilot reaches Delhi with 25 MLAs amid speculations of Rajasthan government collapse, Gehlot holds late night meetings

Ashok Gehlot claimed that the State government was stable and would continue to remain so despite all efforts to the contrary

Pakistanis are shocked that Turkish actress does not cover herself head-to-toe in real life like her role in TV show Ertugrul, slams for wearing...

Pakistani Islamists troll Turkish actress Esra Bilgiç for her modern clothing, not traditional dress like her historical role in a TV show

Stand-up comedian apologises for insulting memorial to Chhatrapati Shivaji Maharaj in Arabian sea after MNS workers vandalised studio

The stand-up 'comedian' Agrima Joshua had made scornfully derisive remarks in her video against the Chhatrapati Shivaji Maharaj memorial that is going to be erected in the Arabian Sea

‘Maaro, Kafiro ko Maaro’: From creating fake alibi to mobilising thousands of Muslims against Hindus, read what Tahir Hussain did in his own words

Disclosure Statement in the chargesheet which was narrated and signed by Tahir Hussain in his own words, reveal a sinister design during Delhi riots

Amid political crisis in Rajasthan Congress, news agencies and media houses publish report based on fake Twitter account of Sarah Pilot

Media houses publish report on Rajasthan Congress political crisis based on fake Twitter account of Sachin Pilot's wife Sarah Pilot

Former RSS pracharak, Hindu Samhati founder Tapan Ghosh succumbs to Coronavirus in Kolkata

Hindu right wing leader in West Bengal and Hindu Samhiti founder Tapan Ghosh dies of COVID-19 in Kolkata hospital

Raza Academy demands ban on Islamic movie ‘Muhammad: The Messenger of God’, warns of ‘law and order problems’

The Raza Academy has issued a statement demanding a ban on the 2015 movie 'Muhammad: The Messenger of God' by Majid Majidi.

Did you know that Pakistan had awarded Democratic Presidential nominee Joe Biden with ‘Hilal-i-Pakistan’

In 2008 Joe Biden and Richard Lugar were awarded 'Hilal-i-Pakistan', the second highest civilian award in Pakistan

Pope says he is pained to see the transformation of Hagia Sophia into mosque by Turkish government

Pope Francis said on Sunday that he was pained to see the transformation of Istanbul’s Hagia Sophia museum into a mosque

Jyotiraditya Scindia says Sachin Pilot is being sidelined by Congress party during ongoing political drama in Rajasthan

Jyotiraditya Scindia has issued a statement over the political drama unfolding in Rajasthan.

Fact-Check: Is the West Bengal government recruiting only Muslims in its latest recruitment drive?

The WhatsApp message claims that only Muslims have been employed by the West Bengal government for a particular post.

Amid Rajasthan political crisis, ‘rebel’ Sachin Pilot meets former Congress leader Jyotiraditya Scindia

'Rebel' Congress leader Sachin Pilot met former Congress leader and BJP politician Jyotiraditya Scindia in Delhi amid Rajasthan political crisis

Agrima Joshua apologising to Maha Vikas Aghadi alliance shows that the Woke slogan of ‘speaking truth to power’ is only an excuse to undermine...

Agrima Joshua tagged Aditya Thackeray and asserted that she was convinced that it was BJP supporters trolling her in the guise of Shiv Sena.

Hema Malini refutes rumours that she is admitted in hospital for breathing problem

After rumours spread on social media the Hema Malini is in hospital for breathing problem, Hema and daugher Esha deny the rumours

Connect with us

235,824FansLike
405,391FollowersFollow
273,000SubscribersSubscribe