20-Jun-2013
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Indian man orders 3.5kg 'gold shirt' worth Rs 1.27 crore

Indian man orders 3.5kg
PUNE Dec 30: A " gold shirt" weighing about 3.5kg and worth Rs 1.27 crore has been bought by a businessman in neighbouring Pimpri-Chinchwad industrial township.

Datta Phuge, the husband of NCP member from Pimpri- Chinchwad Municipal Corporation, Seema, has become the talk of the town after he presented himself in the glittering shirt made out of gold.

According to the local jeweller who crafted the piece, as many as 15 goldsmiths from Bengal worked for 16 hours a day over a period of two weeks to make the shirt ordered by Phuge.

He said he will wear it to ring in the New Year on December 31.

The buyer is in the business of money lending.

His next, but by far more modest, aspiration in the making is a gold covered mobile phone.

According to Pune Mirror newspaper, Phuge sees a lot of wisdom in his style of flamboyance. “People buy cars and go on holidays abroad. For me, gold is the ultimate passion. That is the reason I have spent a whopping amount of money on the shirt. I am looking at it as an investment which will keep appreciating.

I inherited a fair amount of gold; I also want to leave behind a sufficient amount of gold for the next generation,” he explained. He has, however, not set himself a target on the quantum of gold he finally hopes to hoard. He is also not bothered by security concerns. “I have my own security system in place. I always move around with bodyguards,” he said.