What do you understand about the early entrepreneurs of India?
CBSE Class 10
CBSE Class 10 Social
2018-03-06 14:54:43 UTC
From the late 18th century, the British in India began exporting opium to China and took tea from China to England.
Many Indians became junior players in this trade; providing finance, procuring supplies and shipping consignment.
Having earned through this trade, some of these businessmen decided to develop industrial enterprises in India.
In Bengal, Dwarkanath Tagore made his fortune in the China trade.
In Bombay, Parsis like JDinshaw Petit and Jamsetji Nusserwanjee Tata built huge industrial empires in India.
Seth Hukumchand, a Marwari businessman who set up the first Indian jute mill in Calcutta, also traded with China.
The father as well as grandfather of G.D. Birla was also famous industrialist.
Some merchants from Madras traded with Burma while others had links with Middle East and East Africa.