Intentar ORO - Gratis
The rags to riches story of a Bombay entrepreneur
Mint Kolkata
|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.
Esta historia es de la edición February 28, 2026 de Mint Kolkata.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Kolkata
Mint Kolkata
Nvidia seeks to make 6G AI-ready
5G isn't capable of supporting the widespread use of AI, Nvidia said
1 min
March 02, 2026
Mint Kolkata
THE REAL SCANDAL IN IDFC CASE GOES BEYOND THE FRAUD
The IDFC First Bank fraud has angered people.
2 mins
March 02, 2026
Mint Kolkata
Bollywood remains gateway for global music in India
With Bahraini rapper Flipperachi set for an India concert tour after gaining popularity in the country, thanks to his track FAQLA in Aditya Dhar's Dhurandhar, industry experts say Bollywood has, in several cases, acted as a cultural accelerator for international acts in India.
1 mins
March 02, 2026
Mint Kolkata
'If India starts performing, underweight investors may fuel the rally'
Interest in India is beginning to return among global investors, but the money hasn't followed yet.
3 mins
March 02, 2026
Mint Kolkata
Indian firms in crisis mode as conflict escalates
The safety of human life is our foremost priority, and the Company will deploy every resource at its disposal to ensure the well-being of all its people,” the spokesperson said.
1 mins
March 02, 2026
Mint Kolkata
STCG: Does basic exemption limit apply?
I started investing in equities in 2025 and recently sold some shares, booking a small gain.
2 mins
March 02, 2026
Mint Kolkata
Factory inspection norms eased
In a regulatory overhaul aimed at easing compliance and supporting domestic manufacturing, the government has introduced a self-declaration route for select products under the Bureau of Indian Standards (BIS) framework, eliminating mandatory pre-licence factory inspections while tightening annual compliance requirements, two government officials aware of the matter said.
1 mins
March 02, 2026
Mint Kolkata
THE RISE OF THE YIELD-GENERATING VILLA
A clutch of full-service platforms is helping owners turn their holiday villas into income-generating assets
7 mins
March 02, 2026
Mint Kolkata
Tiny listings fail at big-league pivot
India’s once busy SME-to-mainboard migration route has slowed sharply.
1 min
March 02, 2026
Mint Kolkata
Oil lines blocked, India eyes options
India's crude oil refiners are scouting for new supply sources after Iran's historic announcement of the closure of Strait of Hormuz, three people aware of the development said.
1 min
March 02, 2026
Listen
Translate
Change font size
