The massive Statue of Sardar Patel has cost somewhere in the vicinity of Rs 30 billion. There has been much debate about whether the money spent in celebrating and commemorating the memory of India’s Iron Man could have been better spent on other projects more directly beneficial to the common man. But history shows that once-in-a-lifetime structures such as the Statue of Unity create opportunities around them especially in terms of tourism, that create a positive return on investment in just a few decades.
The most apt comparison would possibly be with the Eiffel Tower in Paris. The Eiffel Tower was built by Gustave Eiffel for the 1889 Exposition Universelle, which was to celebrate the 100th anniversary of the French Revolution. It was actually nothing but a ceremonial entrance tower to the 1889 Expo and was widely criticised in its time. But the wonder of the Eiffel Tower has endured and grown year by year, decade by decade. The Tower has been the heart of Paris, and the prestigious venue for a lot many events over the years. Since the 1980s, the monument has regularly been renovated, restored and adapted for an ever-growing public. Over the decades, the Eiffel Tower has seen remarkable achievements, extraordinary light shows, and prestigious visitors. A mythical and audacious site, it has always inspired artists and newer architectural challenges. The Eiffel has been the stage for numerous events of international significance — light shows, the Tower’s centenary, the Year 2000 pyrotechnic show, repainting campaigns, sparkling lights, the blue Tower to mark France’s Presidency of the European Union or the multi-coloured Tower for its 120th birthday, unusual fixtures, such as an ice rink, a garden, etc — keeping it constantly visible and attractive to the entire world. The Eiffel Tower today attracts 7,000,000 visitors every year, around 75 per cent of whom are foreigners, making it the most visited monument that you have to pay to visit in the world. Almost 300 million visitors regardless of age or origin have come from all over the planet to see it since its opening in 1889.