Question

contribution of G.D BIRLA in the feild of development of industry

Answer 1

Dear Student,

Use the following points:

• G.D Birla began with a family business diversified them into other areas.
• He transformed the moneylending business into manufacturing.
• He established a jute firm .
• despite obstacles, He tried to shut his business by unethical and monopolistic methods, but he was able to persevere.
• With an investment of Rs.50 lakhs in 1919, the Birla Brothers Limited was formed.
• A mill was set up in Gwalior in the same year.
• In 1940s, he ventured into the territory of cars and established Dear Studentndustan Motors.
• After independence, Ghanshyam Das Birla invested in tea and textiles
• He also expanded and diversified into cement, chemicals, rayon and steel tubes.
• United Commercial Bank was established in 1943 in Kolkata, is one of the oldest and major commercial bank of India.