Describe the achievements of any three early industrialists in British India.
HAVING earned enough from trade, some businessmen had visions of developing industrial enterprises in India.
- In Bombay, Parsis like Dinshaw Patel and Jamsetjee Nusserwanjee Tata built a huge industrial empire in India accumulated their initial wealth from export to China and raw cotton shipment to England.
- Seth Hukumchand, a Marwari businessman who set up the first Indian jute mill in Calcutta in 1971 also traded with China.
- In Bengal, Dwarkanath Tagore made his fortune in the Chinese trade. He turned to industrial investment, setting up six joint stock companies in 1830s and 1840s.