28.7 C
New York
Friday, July 26, 2024
HomeBusinessAdani hires global team for Dharavi redevelopment

Adani hires global team for Dharavi redevelopment

Date:

Related stories

India’s VOD industry to create 280,000 jobs by 2028, faces challenges despite rapid growth

India's video-on-demand (VOD) industry is set to create 280,000...

Blue Screen Day: Global outage leaves Microsoft users frustrated

In an unprecedented global outage, Microsoft services were down...

LT Foods opens new facility in Harlow to tap £1 billion UK rice market

LT Foods, an Indian-origin global FMCG company, has opened...

Mercedes-Benz eyes India’s electric vehicle market with new entry-level models

Mercedes-Benz is set to introduce entry-level electric vehicles (EVs)...

AI Firm C5i appoints Indian-American Ananth Raman as strategic advisor

AI & Analytics company C5i has announced the appointment...

INDIAN billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project.

Dharavi, about three quarters the size of New York’s Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India’s financial capital. Many residents have no access to running water or clean toilets.

Rebuilding it is a mammoth task, which was first mooted in the 1980s.

The state government of Maharashtra in July approved Adani’s $619 million (£486m) bid to redevelop the area that covers 625 acres (253 hectares), and has been described by officials as “the world’s largest urban renewal scheme”.

The joint venture, Dharavi Redevelopment Project (DRPPL), said on Monday (1) it was partnering with architect Hafeez Contractor who has done many social housing projects, US design firm Sasaki, and consultancy firm Buro Happold from the UK for the redevelopment.

- Advertisement -

DRPPL was set up in July and hiring of the team assumes significance as it comes amid allegations from a rival bidder that prime minister Narendra Modi’s allies afforded Adani favourable treatment while residents worry about his capacity to deliver amid high-profile financial setbacks.

The Adani group has said the Dharavi project was awarded through a fair, open and internationally competitive bidding process. The state government has denied any wrongdoing.

Thousands of protests marched toward Adani’s offices in Mumbai last month to voice their opposition to his conglomerate’s redevelopment plans.

(Reuters)

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories