‘Kumbh will generate Rs. 1.2 lakh crore revenue’

The mega Kumbh Mela, which began on January 15 and will continue till March 4, is expected to generate a revenue of Rs. 1.2 lakh crore for Uttar Pradesh, according to apex industry body Confederation of Indian Industry. Although the Kumbh Mela is spiritual and religious in nature, the economic activities associated with it generate employment for over six lakh workers across various sectors, CII said in a report. The Uttar Pradesh government has allocated Rs. 4,200 crore for the 50-day Kumbh Mela this year, which is over thrice the budget of the Maha Kumbh in 2013, making the mega pilgrimage perhaps the costliest ever. Around 12 crore people are expected to visit the Kumbh between now and Maha Shivratri on March 4, when the Mela will come to a close on Maha Shivratri day. The hospitality sector aims at employing 2,50,000 people, airlines and airports around 1,50,000 and tour operators around 45,000. The employment numbers in eco-tourism and medical tourism are being estimated at 85,000, says a CII study. Apart from this there will be around 55,000 new jobs in the unorganized sector comprising of tour guides, taxi drivers, interpreters, volunteers etc. This will lead to increase income levels for government agencies and individual traders. Attracting a massive number of foreign tourists from various countries like Australia, UK, Canada, Malaysia, Singapore, South Africa, New Zealand, Mauritius, Zimbabwe and Sri Lanka, the Kumbh is a festival of the world. “The ‘mela’ is expected to generate a revenue of Rs1,200 billion for Uttar Pradesh, the state where it is being held, while neighbouring states like Rajasthan, Uttarkhand, Punjab and Himachal Pradesh will also benefit from the enhanced revenue generation with a large number of national and foreign tourists expected to explore other destinations. The Uttar Pradesh government has allocated a hefty amount of Rs 4,200 crore for the Kumbh Mela held in Allahabad, which has become the costliest pilgrimage till date. “The UP government has allocated Rs 4,200 crore for 2019 Kumbh Mela. The previous state government had spent around Rs 1,300 crore for the Maha Kumbh, which was held in 2013,” state Finance Minister Rajesh Agarwal said. The area of Kumbh Mela has also been doubled to 3,200 hectares as compared to 1,600 hectares in the previous melas.

Source : https://www.thehindu.com/todays-paper/tp-national/kumbh-will-generate-rs-12-lakh-crore-revenue/article26046084.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

pmla

PMLA: Combating Money Laundering and Financial Crimes

Concept : The Prevention of Money Laundering Act (PMLA), enacted by the Indian government, targets …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates