Question

explain the development of cotton industries in india

Answer 1

• India became the major producer of cotton and silk
• The quality of cotton produced in India was very fine and it had an international market
• Cotton was exported to Persia, Central Asia and this was made possible through a major port in Surat
• Merchants provided finance to this industry and in due course India emerged as a major exporter of cotton textiles
• After suppression of British on Cotton exports, there was a decline in cotton industry
• But, due to support of certain communities, and financial support of certain industrialists, like J. N Tata, G. D. Birla, the first cotton mill was set up in Bombay in 1854 and after 6 years, many cotton mills were started providing employment to large number of labourers