Shiv Sena chief Bal Thackeray on Sunday described the proposed Rs 350 crore memorial of Chhatrapati Shivaji Maharaj in the Arabian Sea as stupidity and an election gimmick.

"This is stupidity. There is no need for it as there is another memorial of Shivaji near Gateway of India," Thackeray said in an interview to his party mouth piece Saamna.