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Key information: The Statue of Unity

Statue of Unity

About Statue of Unity Facts:

  • Sardar Vallabhbhai Patel’s statue or known as the Statue of Unity is situated in the Indian state of Gujarat. Sardar Vallabhai Patel (1875–1950), who was the first Home Minister of India. After completion of the construction work, his statue is the world’s tallest statue standing at a height of 182 meters.
  •  The project was first announced in 2010 and the construction of the statue began in October 2013 by Larsen & Toubro, who received the contract for Rs 2,989 crore from the Govt of Gujarat. The sculptor was designed by Indian sculptor Ram V. Sutar.
  •  To support the construction of the statue, the Statue of Unity movement was started to support the construction of the statue. This movement helped a lot to collect the iron needed for the statue. By asking farmers to donate their scrap farming instruments. It is heard that by 2016, a total of 135 metric tonnes of scrap iron had been gathered. Out of 135 metric tonnes, about 109 metric tonnes of it were utilized to make the foundation of the statue after processing.
  • The statue is located at the shore of the Narmada River facing the Sardar Sarovar Dam. The statue was inaugurated by Prime Minister Narendra Modi on October 31, 2018, on the 143rd birth anniversary of Sardar Vallabhbhai Patel.
  • On 15th December 2013, a marathon entitled “Run For Unity” was held in Surat and in Vadodara to support the project.
  • The world’s tallest “Statue of Unity” is a pride of India and a decent honor to the fearless who undivided and integrated India, our precious Sardar Vallabhbhai Patel. He was highly respected for his leadership in uniting the 552 states of India to form the single Union of India.

Statue of Unity

About Design:

  • After studying several statues of Sardar Vallabhbhai Patel across the country, a team of historians, artists, and academics choose to proceed with a design submitted by the Indian sculptor, Ram V. Sutar. The expression, posture and pose justify the dignity, confidence, iron will, and kindness that his personality expel. Three models of the design measuring 3 feet, 18 feet, and 30 feet were created at the beginning. Once the design of the largest model was approved, a detailed 3D-scan was designed which model the basis for the bronze cladding cast in a workshop in China.

About Construction:

  •  India’s leading infrastructure company L&T won the contract on 27 October 2014 for its lowest bid of Rs 2,989 crore equivalent to Rs 36 billion in 2018 for the design, construction, and maintenance. They initiated the construction on 31 October 2014. In phase-1 of the project, Rs 1,347 crore was spent for the main statue, Rs 235 crore spent for the exhibition hall and convention center, Rs 83 crore spent for the bridge connecting the memorial to the mainland and Rs 657 crore spent for the maintenance of the structure for 15 years after its completion.
  •  As per the L&T official, they have employed over 3000 workers and 250 engineers for the construction of the statue. The foundation of the statue utilized 210,000 cubic meters of cement concrete, 6500 tonnes of structural steel, and 18500 tonnes of thickened steel. The outer part together with 1700 tonnes of bronze plates and 1850 tonnes of bronze surrounding which in turn include 565 macro and 6000 micro panels.
  •  The total height of the structure is 240 m (790 ft), with a base of 58 m (190 ft) and the statue of 182 m (597 ft). The height of 182 was specially chosen to match the number of seats in the Gujarat Legislative Assembly.
  •  The statue is built in a way that can stand up against winds of up to 180 km/hour and earthquakes measuring 6.5 on the Richter scale which is at a depth of 10 km and within a radius of 12 km of the statue.
  •  It took 57 months to complete, 15 months for planning, 40 months for construction and two months for handing over by the consortium.
  •  To make sure seamless execution of the whole project, an independent society named Sardar Vallabhbhai Patel Rashtriya Ekta Trust (SVPRET) has been established under the Chairmanship of Chief Minister, Government of Gujarat.

About Funding:

  • The total cost of the project was estimated to be about Rs 2,063 crore equivalent to Rs 25 billion in 2018 by the government. The tender bids for phase-1 were invited in October 2013 and were closed in November 2013.
  •  This statue was built by the Public-Private Partnership (PPP) model. Most of the money allocated by Gujarat Govt i.e. Rs 500 crore for the project in the budget from 2012-2015. Rs 239 crore was also allocated in the 2014-15 Union Budget for the construction of the statue.
  •  Funds were also shared by the Public Sector Undertakings under the Corporate Social Responsibility scheme.

Issues faced during the construction:

  • Local tribals belonging to the Tadvi caste against land acquisition for the construction of tourism infrastructure nearby the statue. Although, they have been offered cash, land compensation, and provided jobs.
  •  People of nearby villages such as Kevadia, Kothi, Waghodia, Limbdi, Navagam, and Gora against the construction of the statue and claimed the refund of the land rights over 375 hectares (927 acres) of land obtained earlier for the construction of the dam as well as the constitution of new Garudeshwar subdistrict.
  •  They also disagree with the development of the Kevadia Area Development Authority (KADA) and the construction of the Garudeshwar weir-cum-causeway project. At last, the government of Gujarat has to accept their demands.

About Tourism:

  •  The Gujarat government has made every effort to develop the entire neighborhood as a world-class tourist center. As it is double in height of world-famous New York’s Statue of Liberty. The Statue of Unity is fair to draw numbers of foreign tourists along with domestic visitors across India. The statue’s location is its important features. The beautiful scenic surroundings of the Satpura and Vindhyachal hills along with the heroic river Narmada give the perfect view to the statue, which is built on an Island.
  •  The viewers’ gallery inside the statue is a prime attraction at the site located at the height of 135 with a capacity to accommodate 200 persons at a time. There are also high-speed lifts installed and are capable of taking 5,000 people per day to the viewing gallery, which offers a breathtaking sight of the surrounding areas.
  •  There are numerous other tourist attractions around apart from the Statue of Unity including the valley of flowers, natural beauty of the Satpura and Vindhyachal hill ranges.
  •  The Gujarat government newly opened a luxurious nature sanctuary, Tent City Narmada, just 10 minutes away from the monument.
  •  On 1st November 2018, over 1,28,000 tourists visited the Statue of Unity in 11 days after it was opened to the public. At the same time, over 1.9 million visitors in 9 months were visited. It is expected that this tallest statue will generate around 15,000 direct jobs in tourism.

Proposed and Planned Infra:

  • As of now, there are several projects in the card to assure that this place turns out to be a popular tourist point.
  •  A world-class zoo will be developed across 1,300 acres over seven levels by the name Sardar Patel Zoological Park near the statue.
  •  Moreover, there is a plan to start boating activities near the statue as a jetty is being constructed in the Narmada.

Recent News on Statue of Unity:

  • The day before yesterday, PM Modi urges people to visit Sardar Sarovar Dam and its nearby the Statue Of Unity in his home state Gujarat that has touched historic 134-meter water levels.
  •  After setting a number of records, the Statue of Unity in Gujarat has found a place in the Time’s list of 100 greatest places in the world.
  •  It is a matter of pride that the Statue of Unity is emerging as a popular tourist destination and at the same time, a record 34,000 people visited the site in a single day.
  • On 18th August 2019, Gujarat Chief Minister Vijay Rupani inaugurated a river rafting sports facility at Khalvani near the Statue of Unity.
  • This statue is known as the Pride of the Nation, but the mass of people think that spending Rs. 2900 crores on it have been completely wastage of public money. Several questions have been asked In the recent govt exams.

What are the advantages and disadvantages of the Statue of Unity?

Advantages of Statue of Unity

  • It is the world’s tallest statue which has recently been awarded in Time’s list of 100 greatest places in the world, is located in India and considered to be ‘Pride of Nation’.
  • It will boost income from tourism and generate a large number of hotels, transports and other services.
  • Increase in the transport, restaurants, accommodation, service sectors.
  • It is estimated that this statue will remain as it is for 1000 years which implies that it will contribute to the national income of India through tourism for centuries.
  • Local people getting employment.
  • The local business has seen lots of progress.

Disadvantages of Statue of Unity

  • The government has spent a huge amount of money on this project over other priorities like women’s safety, education and agriculture schemes.
  • There are plenty of sectors in India, like health, safety, employment and education where the money could have been utilized.
  • Many political parties allege that this was a place of religious significance, so it should not be built on the land.

Was it worth spending a huge amount on the Statue of Unity?

  • If I start writing whether the Statue of Unity worth or not, it will go on and on but I hope this little and fair idea of why building this statue is a step in the right direction.
  •  It will lead to a lot of new employment opportunities every year and PM Modi has promised that thousands of young generation will get employment through this project.
  •  It’s not just about Inda’s pride of building the tallest statue but it’s about creating employment and revenue for the country. At the same time, it will create new business opportunities for the people living in nearby areas.
  •  Local businesses have been seen in lots of progress. Earlier nearer restaurants used to remain profitable only during monsoon while dam overflowing.
  •  Increase in the transport, restaurants, accommodation, and service sectors. This reversely will improve the economy of India.
  •  Living in a developing country we always aim to think of everything from the perspective of giving everything to poor people, but that does not help after 76 years of Independence.
  •  As per a report, 480 million people are still under poverty like in India. If the government just donated these Rs 2989 cr in their bank accounts, they would have got peanuts. That’s not a decent amount to give them. Also, when was the last time giving free money helped the poor get out of poverty? Employing more n more people will simply take out people from poverty.
  •  This is just one project. The government has lots of projects in place to help the poor offering education, medical facilities, toilets, and housing facilities.
  •  How is it fair to say that projects like these should not be undertaken and instead the money should again be used for education and other purposes? If we do that, we will never come out of that wrong period.
  • For the development of the nation, we need to change our mindset and start thinking of initiatives like these from a different angle not from the angle of politics.

Statue of Unity

 

FAQ on Statue of Unity:

The water capacity of Sardar Sarovar Dam

The dam, which has the capacity to store 4.75 million acre-feet of water, is 84.84% full at present.

 What is the entry fee of the Statue of Unity?

Each ticket is issued for two hours. A basic entry ticket to the Statue of Unity costs Rs 120 for adults and Rs 60 for kids. It will allow you to enter the valley of flower, audio-visual gallery, the Statue of Unity site, memorial, museum and the Sardar Sarovar Dam.

 Which day the Statue of Unity is closed?

It is open to the public on all days of the week from 9 am and closes at 5 pm.

 How long does it take to see the Statue of Unity?

Normally, you should budget 4 to 5 hours as the time taken to visit the statue of unity.

 What is the per day income of the Statue of Unity?

An income of Rs 6.38 crore has been made from ticket collection by Sardar Patel Ekta Trust in a month since opening for the public on November 1, 2018.

 What is the cost of the Sardar Vallabhbhai Patel statue?

The Statue of Unity project built at a cost of Rs 2,989 crore. The statue is located about 3.5 km downstream from the Sardar Sarovar Dam, on Sadhu Hill on the bed of the Narmada river.

 When was the world’s tallest statue the Statue of Unity inaugurated?

PM Narendra Modi has inaugurated the world’s tallest statue that of Sardar Vallabhai Patel on October 31, 2018.

 What is the best time to visit the Statue of Unity?

October to March is the best time to visit the Statue of Unity. The weather conditions are perfect to plan a visit.

 What is the ticket price to view the gallery of the Statue of Unity?

It is for Rs.120 for an adult person and Rs 350 to view the gallery.

 What is the cost of operation and maintenance for the Statue of Unity?

The cost of operation and maintenance cost stands around Rs 657 crore over 15 years/ Rs 43.8 crore annually/ or Rs 12 lakh per day.

 

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Incentives To GIFT City in Union Budget 2019 Could Encourage Financial Activities

Gift_City

Incentives To GIFT City in Union Budget 2019 Could Encourage Financial Activities

 

Overview:

Gift City, located in the north on the banks of river Sabarmati and is a financial Central Business District between Ahmedabad and Gandhinagar in Gujarat. Gift City (Gujarat International Finance Tec-City) is a business district developed by the Govt. of Gujarat through a joint venture company. It is India’s first operational smart city and International Finance Service Centre is our PM Narendra Modi’s dream to create a financial hub like Singapore or Hong Kong in his home state. The idea for GIFT City was developed during the Vibrant Gujarat Global Investor Summit 2007. East China Architectural Design & Research Institute and Fairwood Consultants India were chosen for the planning of the city. 3 phases of 4 years each is planned for the development of the project. On the other hand, GIFTCL planned to develop an area of 85 million sq ft. to make sure that the city has its world-class facilities for connectivity, technology, communication, societal services, etc. for an upgraded living and work experience. The city is strategically located and well connected to the cities of Ahmedabad and Gujarat which is located at a distance of 26.6 km and 11.2 km respectively via Gandhinagar-Ahmedabad Road and Gujarat SH 71. Features of this project include an underground utility tunnel, a district cooling system, and automated vacuum waste collection. Many of these features are being introduced in India for the first time. Shah Pur, Lavarpur, Ratanpur, Pirojpur, Raysan Valad, Mahavirpuram are its neighbouring localities.

India’s only International Financial Service Centre (IFSC), at GIFT City, Gandhinagar, is one of the most challenging efforts of the Government for making foreign financial transactions to the Indian region. At present, financial sector performers such as banks, insurance companies, insurance brokers, stock exchanges, depositories, mutual funds, alternative investment funds (AIFs), and other SEBI-registered agents are allowed to establish shop at IFSC. Over the past few years, the Government has shifted its minds consistently towards it to make a commercial function for global financial professionals to relocate their operations to IFSC. It will be important to justify the taxation structure in IFSC so that it balances the tax structure in other global financial markets.

In February, the NDA government had presented in Rajya Sabha the International Financial Services Centres Authority Bill, 2019. The Bill plans for the establishment of an authority to support and control the financial services market in the International Financial Services Centres business in Special Economic Zones in India.

 

GIFT CITY IFSC Project Status:

GIFT One Tower in DTA, GIFT Two Tower in DTA, Jamnabai Narsee International School in DTA, TCS Tier 4 Data Centre in DTA, Hiranandani Signature Tower IN IFSC, Aspire One & Two – Incubation Centre in IFSC, Domestic Tariff Area, International Finance Service Centre (Finance & IT/SEZ) are completed and operational.

World Trade Center GIFT City – 4 towers under construction, Janaadhar Mangala, Brigade Tower in IFSC, Brigade IBIS Styles Hotel in DTA, Gift International Center, Savvy ATS tower in IFSC are all under-construction and full pace.

 

Gift City Features:

All the electricity cables will be underground and its power grid will be designed by ABB Groups of Switzerland.

Gas supply to the city will be provided by the existing gas Network of GSPL for gas transmission pipelines.

The cooling system will be provided by District Cooling System in GIFT City which will reduce the operational cost by 30-40% and avoids the capital cost of implementing coolers in each building.

All waste of the city will be treated through plasma gasification which will be automatically sucked through underground pipes.

 

Proposed and Planned Infra under GIFT City:

There is a plan to run a multimodal mix of the transport systems such as MRTS/LRTS/BRTS, etc for both intercity transport (to Ahmedabad, Airport, and Gandhinagar) and Intra-city transport.

They are also a plan to use Walk-to-walk concept between private and public transport.

GIFT City will have its own metro stations.

There is also a design for the use of electric personal rapid transport system in the city.

 

Look at how tax SOPs in the budget 2019 will offer impetus to Indian IFSC at GIFT City:

Union Budget 2019 introduced by Hon’ble Finance Minister Nirmala Sithraman unfolded floodgates of incentives for India’s first IFSC known as Hiranandani Signature located at GIFT city, Gandhinagar, Gujarat. With a view to improving infrastructure and development of a world-class financial hub, some tax benefits have already been given to various businesses operated out of IFSC like Banking and Financial Services, Insurance and Reassurance etc. The Union budget 2019 revealed plenty of extra tax SOPs with an aim to produce a positive environment for Indian as well as global financial service professionals to work from Indian IFSC. The idea is to give much-required incentive to the Indian International Financial Service Centre as a flourishing financial hub competing with the global members like London, Dubai, Singapore etc.

 IFSC international business is around $56 billion holding around $22 billion by the banking and $30 billion by insurance units. Over the next few years, GIFT IFSC alone could add $1 trillion to Indian industry and infrastructure and support to reach the $5-trillion GDP target over the next few years. To reach this challenging target, the Finance Minister awarded lucrative tax relief and a holiday which will bring more competing businesses to be operational at GIFT IFSC.

In her budget speech, Nirmala Sitharaman said that the government will trigger the execution of appropriate law to form an International Financial Services Centre (IFSC) authority that will define an up-to-date regulatory architecture for such world-class financial hubs and government is bound to put all required regulations and infrastructure in place to develop IFSC.

The government has proposed to provide several direct tax incentives to an IFSC. This would include extending income tax waiver of up to 10 years from 5 years, 100% profit-linked deduction under section-80LA in any 10-year block within a 15-year period, exemption from dividend distribution tax from current and accumulated income to companies and mutual funds, exemptions on capital gains to Category-III AIF and interest payment on the loan is taken from non-residents.

Apart from tax aspects, the major challenge includes fixing the uncertainties in the regulatory structure for IFSC and increasing the expertise of doing business. It is expected that these financial year incentives, guided by the establishment of a consolidated financial controller, will definitely contribute the much-needed push for IFSC to become a success in India.

Image Sources: Google

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