Viral Chowksi, the NRI made the offer at the three-day auction which commenced today.
Another businessman Suresh Aggarwal made an offer of Rs one crore for the suit. "I have offered Rs.One crore. This is work of charity and when the Prime Minister is doing for a great cause like cleaning of Ganga, I decided to go ahead and buy the suit," he said.
The suit that created waves and kicked up a political storm will be auctioned along with 455 items that Modi had received as gifts during his nearly nine-month long tenure to generate funds for the Prime Minister's ambitious 'Clean Ganga Mission'.
"Prime Minister Narendra Modi's suit, that he wore during his meeting with President Barack Obama last month, along with other 455 items that he received as gifts during his tenure as Prime Minister will be auctioned at a three-day event in Surat," Surat Municipal Commissioner Milind Toravane told PTI.
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The event was organised at SMC's Science Convention Centre at city-lights road in Surat as the Prime Minister's Office(PMO) had decided to hold the auction event in the city.
Modi during his chief ministerial tenure in Gujarat had initiated a trend to auction the gifts that he received in a year and it was donated to Kanya Kelavani Yojna for girl child education, he said.
Modi was photographed wearing the suit during his summit talks with Obama in Hyderabad House in Delhi on January 25 and at a joint media appearance that followed the meeting.
The suit had triggered a debate in social media while the Prime Minister was slammed by his political opponents for wearing an expensive suit. Senior Congress leader Jairam Ramesh called Modi a "megalomaniac".
Toravane said no base price has been fixed for any of the items to come under the hammer.
Congress vice president Rahul Gandhi also had raked up the issue of Modi's expensive suit during the campaign for Delhi assembly polls in which BJP was routed. Some reports said the suit cost nearly Rs 10 lakh.