Indian billionaire Adani's firm wins bid to develop vast Mumbai slum | CNN Business

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Indian billionaire Gautam Adani's firm has won the right to redevelop India's largest slum, Mumbai's Dharavi neighborhood, with a 50 billion rupee ($612 million) bid, a state official said.

The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighborhood, with a 50 billion rupee bid, a state official said on Tuesday. Believed to be the largest slum in Asia, Dharavi is a crowded area that houses thousands of poor families in cramped quarters in the center of India’s financial capital. Many residents have no access to running water or clean toilets.

” It is the latest mega-project taken on by ports-to-energy conglomerate Adani Enterprises, which already supplies electricity in Mumbai through listed unit Adani Transmission Ltd. Another group project, a $900 million port redevelopment in Kerala state, has been stalled for months by protesters. There have been no major protests to date against the Dharavi redevelopment.

 

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Let's hope the state officials are better at procuring contracts than they were in Morbi.

And where will the slum dwellers go ? After their dwellings are bulldozed with the connivance of the 'double bulldozer govt' This story is straight out of the Indian movies Billionaire Adani with the backing of his patron PM Narendra Modi

So, what happens to the residents?

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