Versuchen GOLD - Frei
The rags to riches story of a Bombay entrepreneur
Mint Hyderabad
|February 28, 2026
Decades after the textile mill chimneys have faded from the Mumbai skyline, indelibly altering the demographics, architecture and culture of the city’s central districts, the fate of displaced textile workers continues to—surprisingly—animate political discussions.
A former textile factory in Colaba, Mumbai, 2010.
(GETTY IMAGES)
The campaigning for and outcome of elections to the Brihanmumbai Municipal Corporation (BMC), the country’s richest urban local body by a mile, for instance, provide insights into how the once-ubiquitous textile factory continues to haunt collective memory.
The textile factories were not mere physical symbols of industrial productivity and commerce but cradles for community development as well, providing livelihood for over 250,000 workers who had mostly migrated from rural Maharashtra. The workers and their family members tuned into the city’s rhythms to upgrade their songbooks and compose unique cultural memes; celebrations of traditional festivals turned into collective and voluntary labour, some of which have now become the city’s visible socio-cultural icons, such as the Dahi Handi festivities or Ganpati celebrations.
And then, following the prolonged textile strike of the 1980s, the mills shut down. Mill owners, with some help from the political class, were able to repurpose the land and monetise it, even though a part of the land was supposed to be used for public housing. Former mill workers, who lived near the mills in tightly knit communities, were also stakeholders because the mill land was on long lease from the city. But mill owners and political leaders successfully subverted rules and policy prescriptions. Unfortunately, even the trade unions failed these workers.
The forcible dispersal of a century-old community was turbocharged by a class angle as well: as south Mumbai got overpopulated, the wealthy and aspiring wealthy needed residential properties not too far from the original elite hub. This required overhauling the working-class character of the former textile district. End-result: out with the old textile mills, hello steel and glass skyscrapers.
Diese Geschichte stammt aus der February 28, 2026-Ausgabe von Mint Hyderabad.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Hyderabad
Mint Hyderabad
'Budget not a short-term trading document'
Downplaying the stock market slide on 1 February after the FY27 budget presentation, Prime Minister Narendra Modi on Friday said that the Union budget is a policy roadmap, not a short-term trading document.
1 min
February 28, 2026
Mint Hyderabad
Supplement makers swap expensive whey for plants
Soaring whey prices are reshaping India’s fast-growing protein supplement market, squeezing margins and forcing companies to redraw growth strategies as consumption rises.
2 mins
February 28, 2026
Mint Hyderabad
FPI buying fails to soothe edgy Street
Weak global cues and persistent risk aversion weighed on domestic stocks, dragging benchmark indices down on Friday and over the week.
1 min
February 28, 2026
Mint Hyderabad
Indigenous cooks take the spotlight
Entrepreneurs from tribal communities are celebrating their dishes and serving food shaped by seasons and wisdom
3 mins
February 28, 2026
Mint Hyderabad
Making time and space for art
As much as we are bound to deadlines, page views, news cycles and the other perennial challenges of magazine and culture journalism, to work at Lounge is to take the longer view, to contemplate and find an angle that's rarely explored, and to avoid the idea of spectacle for the sake of it.
1 mins
February 28, 2026
Mint Hyderabad
As DIIs dictate valuations, SIP muscle reshapes IPO market
Experts say DIIs are exerting greater discipline on valuations than during the 2021 IPO cycle
3 mins
February 28, 2026
Mint Hyderabad
The rags to riches story of a Bombay entrepreneur
Decades after the textile mill chimneys have faded from the Mumbai skyline, indelibly altering the demographics, architecture and culture of the city’s central districts, the fate of displaced textile workers continues to—surprisingly—animate political discussions.
5 mins
February 28, 2026
Mint Hyderabad
'Focused on getting best deal with US'
India wants to secure the best trade deal with the US to ensure it has an edge over competitors, commerce minister Piyush Goyal said on Friday, as the fate of deals finalized by Washington remain uncertain after President Donald Trump's tariffs were invalidated.
1 min
February 28, 2026
Mint Hyderabad
The couple who made anti-fit a hit
Nicobar's Simran Lal and Raul Rai, partners in business and life, on creating a niche for everyday wear that's relaxed yet stylish
5 mins
February 28, 2026
Mint Hyderabad
Deepinder Goyal's only-fit hiring plan may test legal limits
Zomato founder Deepinder Goyal's call for engineers for his longevity venture, Temple, came with a caveat-they need to be supremely fit.
2 mins
February 28, 2026
Listen
Translate
Change font size

