Who were the early entrepreneurs ? With whom did they traded ?
The Early Entrepreneurs
ï‚· The British in India began exporting opium to China and took tea from China to England. Many Indians participated in this trade by providing finance, procuring supplies and shipping consignments.
ï‚· In Bengal, Dwarkanath Tagore made his fortune in the China trade and established six joint-stock companies in the 1830s and 1840s.
ï‚· In Bombay, Dinshaw Petit and Jamsetjee Nusserwanjee Tata built huge industrial empires in India. Their wealth was from the very exports to China and also some from raw cotton shipments to the England.
ï‚· Merchants from Madras traded with Burma, Middle East and East Africa.
ï‚· Other trading activities included carrying goods from one place to another, banking, transferring funds between cities and financing traders.
ï‚· However, Indian traders were barred from trading with Europe in manufactured goods and had to export raw materials and food grains required by the British.
The Early Entrepreneurs
ï‚· The British in India began exporting opium to China and took tea from China to England. Many Indians participated in this trade by providing finance, procuring supplies and shipping consignments.
ï‚· In Bengal, Dwarkanath Tagore made his fortune in the China trade and established six joint-stock companies in the 1830s and 1840s.
ï‚· In Bombay, Dinshaw Petit and Jamsetjee Nusserwanjee Tata built huge industrial empires in India. Their wealth was from the very exports to China and also some from raw cotton shipments to the England.
ï‚· Merchants from Madras traded with Burma, Middle East and East Africa.
ï‚· Other trading activities included carrying goods from one place to another, banking, transferring funds between cities and financing traders.
ï‚· However, Indian traders were barred from trading with Europe in manufactured goods and had to export raw materials and food grains required by the British.
