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One of the world’s richest men wants to transform India’s biggest slum

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A view of the Dharavi slum in Mumbai, India, on April 14, 2024 - Noemi Cassanelli/CNN
A view of the Dharavi slum in Mumbai, India, on April 14, 2024 - Noemi Cassanelli/CNN

When Masoom Ali Shaikh arrived in Mumbai in 1974 as a young man from northern India, the patch of land where he set up shop was “just a creek with no proper road and garbage all around,” he said.

Fifty years later, that swampy area — once a fishing village and rubbish dump — is now Dharavi, one of Asia’s biggest slums and a bustling hub of industry in India’s financial capital.

Famously depicted in the 2008 Oscar-winning film “Slumdog Millionaire,” Dharavi is a cacophonous maze of small businesses on every corner, from bakeries to butchers to barbers. These shops service roughly one million residents living cheek by jowl in cramped buildings and narrow alleys.

Many of them are migrants and artisans who brought the crafts of their home states to establish businesses in the sprawling 500-acre slum. These small-scale enterprises, which generate a collective annual turnover of more than $1 billion by some estimates, are a crucial source of livelihood for many families, some of whom have lived in Dharavi for generations.

Shaikh is one of them. After arriving in Dharavi from his home state Uttar Pradesh, he set up a shoe-making business which allowed him to support six family members over the years, even opening a second shoe store for his daughter to operate.

Masoom Ali Shaikh works at his workshop in Dharavi on April 14. - Noemi Cassanelli/CNN
Masoom Ali Shaikh works at his workshop in Dharavi on April 14. - Noemi Cassanelli/CNN
A man works at Shaikh’s workshop in Dharavi slum on April 14. - Noemi Cassanelli/CNN
A man works at Shaikh’s workshop in Dharavi slum on April 14. - Noemi Cassanelli/CNN

However, many residents fear their livelihoods could now be at risk as the slum prepares to undergo a drastic transformation, overseen by one of Asia’s richest men.

Over the decades, there have been several failed attempts to redevelop Dharavi, a process which experts say has always been politically fraught for several reasons: the sheer scale and density of the slum and the high value of its land in central Mumbai, for starters.

Residents and authorities point to the slum’s myriad problems, including extreme crowdedness and poor sanitation. Many residents have no access to running water or clean toilets and suffer from various health problems. In some poorly ventilated areas, dust perpetually hangs in the air and smoke wafts from nearby workshops.

That could change with this newest plan, led by billionaire and infrastructure tycoon Gautam Adani, founder of the Adani Group, who briefly ousted Jeff Bezos as the world’s second-wealthiest person in 2022.

“A new chapter of pride and purpose is beginning. It is a historic opportunity for us to create a new Dharavi of dignity, safety and inclusiveness,” Adani wrote in a message on his company’s website after winning the bid to redevelop the area in 2022.

He vowed to “create a state-of-the-art world-class city, which will reflect a resurgent, self-assured, growing India finding its new place on the global stage as the 21st century belongs to India.”