What do you understand about the early entrepreneurs of India?

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#1
  • 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.