Kumbh to generate ₹1.2 lakh crore in revenue: CII

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, says 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. The Uttar Pradesh government has allocated Rs.4,200 crore for the 50-day Kumbh Mela this time, which is over thrice the budget of the Maha Kumbh in 2013, making the mega pilgrimage perhaps the costliest ever.

“The ‘mela’ is expected to generate a revenue of Rs.1,200 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 government has allocated a hefty amount of Rs.4,200 crore, which has become the costliest pilgrimage till date,” state finance minister Rajesh Agarwal told 

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