Question

Who were the pioneer entrepreneurs to invest in the cotton textile industry?

Answer 1

The first Indian cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata, albeit this mill was a failure. The second mill which was established by Cowasjee Nanabhoy Davar, a Parsi cotton merchant and the pioneer to invest in cotton textile industry in 1854 is said to be the true foundation of modern cotton industry in India. Its name was Bombay Spinning and Weaving Company, Bombay.