Ram Mandir inauguration at Ayodhya has caught the keen interest of Hindu devotees worldwide and with it, a ripe opportunity for businesses and investors across India. The Rs 85,000 crore makeover is expected to transform the ancient holy city into a global religious hotspot, bringing with it a host of economic goodwill.
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View Details»Also built after a decades-long movement, the newly constructed Ram Mandir is turning out to be the catalyst that could propel the around 240 million people-strong Uttar Pradesh state to the world stage.
Be it the government-led infrastructure push that is molding the holy city of Ayodhya into a modern spiritual tourism hub or the many major companies that have sniffed the business potential, times are changing for the city in northern Uttar Pradesh.
Dalal Street felt the religious touch too as retail investors upped their faith in certain companies that are linked to the Ayodhya Ram Mandir such as Allied Digital Services, Thomas Cook, Interglobe Aviation (IndiGo) and Easy Trip Planners between September and December. Ayodhya-based Pakka Ltd has rallied close to 150 per cent in January so far.
The expected surge in tourism and residents will lead to substantial demand for FMCG, consumer staples and quick service, restaurants (QSR), analysts at Jefferies said in a note. It is also expected to lead to an increased demand for both domestic and international connectivity from which aviation, railways and ancillary service providers are set to gain.
How Ayodhya Ram Mandir can become India's Mecca and Vatican of domestic and global tourist hub
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