Analyse the contribution of Dwarka Nath Tagore in the field of industrial development

Analyse the contribution of Dwarka Nath Tagore in the field of industrial development.

  1. IN Bengal, Dwarkanath Tagore made his fortune in the China trade before he turned to industrial investment. He set up six joint stock companies in 1830s and 1840s.
  2. Tagore’s enterprises sank along with those of others in the wider business crises of the 1840s, but later in the 19th century many of the China traders became successful industrialists.
  3. Dwarkanath Tagore believed that India would develop through westernisation and industrialisation. He invested in shipping, mining, banking, plantation and insurance. He has visions of developing industrial enterprise in India.