'Statue of Unity will create Rs 1 lakh cr economic ecosystem'

Image
Press Trust of India Kevadiya (Guj)
Last Updated : Jan 17 2020 | 5:40 PM IST

Railway Minister Piyush Goyal said on Friday that the Statue of Unity, the world's tallest statue at Kevadiya in Gujarat, would create an "economic ecosystem" worth Rs one lakh crore in coming years.

Prime Minister Narendra Modi inaugurated the gigantic statue of Vallabhbhai Patel, the country's first home minister, here on October 31, 2018.

"I see the Statue of Unity creating an economic ecosystem around it worth at least Rs one lakh crore in the years to come," the railway minister told reporters here.

Goyal, who took a stock of the construction of a new railway station at Kevadiya and laying of a new line connecting the town with Vadodara, announced that high-speed shuttle trains will operate between the two stations.

"Laying of tracks has already begun at some spots. Work would start on other stretches by March....Once it is connected with the mainline (at Vadodara), tourists from across the country would be able to come Kevadiya," he said.

"We are planning to implement 'hub and spokes' model. People arriving at the mainline (Vadodara) would be ferried to Kevadiya using fast trains on the sub-line, so that people can reach here in very little time. We would run such shuttle services throughout the day," the railway minister said.

He expressed confidence that land acquisition for Kevadiya-Vadodara railway line would be completed by March.

Later, Goyal met Chief Minister Vijay Rupani in Gandhinagar and reviewed the progress of various railway projects in Gujarat, an official release said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 17 2020 | 5:40 PM IST

Next Story