'Big economic event' Mahakumbh generates business of over Rs 3 lakh crores, says traders' association

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'Big economic event' Mahakumbh generates business of over Rs 3 lakh crores, says traders' association

//media-entertainment.news-articles.net/content/ .. r-rs-3-lakh-crores-says-traders-association.html

Published in Media and Entertainment on Wednesday, February 19th 2025 at 7:04 GMT by ThePrint
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

CAIT Secretary General Praveen Khandelwal said Kumbh boosted local trade noting high demand for 'meticulously branded' themed products like diaries, calendars, jute bags & stationery.

The Confederation of All India Traders (CAIT) estimates that the Mahakumbh, scheduled for January 14 to February 26, 2025, in Prayagraj, will generate business worth Rs 3 lakh crore. This economic activity is expected to span various sectors including hospitality, transportation, food, and retail, with around 40 crore people anticipated to visit. CAIT has urged traders to prepare for this influx by ensuring adequate stock and has called for government support in infrastructure development, such as improved road networks, parking facilities, and sanitation. Additionally, CAIT has proposed the establishment of a Mahakumbh Trade Facilitation Committee to coordinate with various stakeholders to enhance the trading environment during the event.

Read the Full ThePrint Article at:
[ https://theprint.in/economy/mahakumbh-to-generate-business-worth-rs-3-lakh-crore-trade-body-cait-estimates/2501664/ ]

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