Maha Kumbh to Drive Economic Growth of Rs 2 Trillion: Yogi Adityanath
ECONOMY & POLICY

Maha Kumbh to Drive Economic Growth of Rs 2 Trillion: Yogi Adityanath

Uttarakhand Chief Minister Yogi Adityanath announced that the Maha Kumbh, expected to draw 40 crore devotees this year, is projected to contribute Rs 2 trillion to economic growth. Speaking at the "Divine Uttar Pradesh: The Must Visit Sacred Journey" conclave, Adityanath credited Prime Minister Narendra Modi for inspiring pride in India's heritage. Highlighting the event's economic impact, the Chief Minister noted that the 2019 Maha Kumbh had contributed Rs 1.2 trillion to Uttar Pradesh’s economy. He added that in 2024 alone, over 160 million devotees visited Kashi Vishwanath in Varanasi, while Ayodhya saw more than 135.5 million visitors between January and September. The Maha Kumbh Mela, scheduled from January 13 to February 26 in Prayagraj, will showcase India's rich cultural and spiritual traditions on a global platform. Adityanath described the event as the "world’s largest temporary city," capable of hosting between 5 million to 10 million devotees simultaneously. The Chief Minister underscored the spiritual and societal importance of the Maha Kumbh, calling it a symbol of unity that transcends religion. He criticised those who glorify foreign invaders’ legacies, accusing them of using societal divides for political gain and failing to appreciate India's spiritual transformation under PM Modi's leadership. Adityanath emphasised that the central and state governments, along with revered saints, have ensured the event’s success through meticulous planning. He highlighted initiatives focused on environmental sustainability, including measures to prevent sewage discharge into the Ganga and Yamuna rivers, making the Maha Kumbh a "divine and digitally advanced gathering where faith meets modernity." (Business Standard)

Uttarakhand Chief Minister Yogi Adityanath announced that the Maha Kumbh, expected to draw 40 crore devotees this year, is projected to contribute Rs 2 trillion to economic growth. Speaking at the Divine Uttar Pradesh: The Must Visit Sacred Journey conclave, Adityanath credited Prime Minister Narendra Modi for inspiring pride in India's heritage. Highlighting the event's economic impact, the Chief Minister noted that the 2019 Maha Kumbh had contributed Rs 1.2 trillion to Uttar Pradesh’s economy. He added that in 2024 alone, over 160 million devotees visited Kashi Vishwanath in Varanasi, while Ayodhya saw more than 135.5 million visitors between January and September. The Maha Kumbh Mela, scheduled from January 13 to February 26 in Prayagraj, will showcase India's rich cultural and spiritual traditions on a global platform. Adityanath described the event as the world’s largest temporary city, capable of hosting between 5 million to 10 million devotees simultaneously. The Chief Minister underscored the spiritual and societal importance of the Maha Kumbh, calling it a symbol of unity that transcends religion. He criticised those who glorify foreign invaders’ legacies, accusing them of using societal divides for political gain and failing to appreciate India's spiritual transformation under PM Modi's leadership. Adityanath emphasised that the central and state governments, along with revered saints, have ensured the event’s success through meticulous planning. He highlighted initiatives focused on environmental sustainability, including measures to prevent sewage discharge into the Ganga and Yamuna rivers, making the Maha Kumbh a divine and digitally advanced gathering where faith meets modernity. (Business Standard)

Next Story
Real Estate

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Next Story
Infrastructure Energy

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Next Story
Infrastructure Energy

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?