Tag: history

When the American Civil War broke out and cotton supplies from the US were cut off, Britain turned to India. As raw cotton exports from India increased, the price of raw cotton shot up.

The first cotton mill to be established by Cowasjee Nanabhoy was in Mumbai on 7 July 1854. The mill was called Bombay Spinning and Weaving Company. It was India’s first steam-powered textile mill. The mill started production on 7 February 1856 under the supervision of British engineers and skilled cotton operatives.

The textile industry was the most prosperous in India. Indian Woollen and silk items were also in huge demand all over the world, and this industry generated massive employment for both skilled and unskilled labour. But with the import of cheap foreign goods by Britishers the Textile industry bean to decline

The first jute mill was established at Rishra, on the River Hooghly near Calcutta in 1855 when Mr. George Acland brought jute spinning machinery from Dundee. Four years later, the first power driven weaving factory was set up.

By the middle of the 19th century, export of the cotton and silk goods from India practically ceased. The art of spinning and weaving, which for ages had given employment to thousands of  artisans became extinct.

In the beginning, English followed Peaceful Trade as their policy. But, they took advantage of the deteriorated political situation of India to establish their political supremacy.The Merchants of England who aspired to have trade with the East Countries, founded The East India Company in 1600 CE. They established trade links with India with the permission of Queen Elizabeth.

After the Portuguese, Dutch from the Netherlands arrived in India . In 1602 CE Dutch East India Company was established. Agra, Machalipatnam, Surat, Karaikal, Nagapatnam, Cochin and such other places were Dutch trading centres in India.

After the Portuguese, Dutch from the Netherlands arrived in India . In 1602 CE Dutch East India Company'' was established. Agra, Machalipatnam, Surat, Karaikal, Nagapatnam, Cochin and such other places were Dutch trading centres in India.

In the beginning, English followed Peaceful Trade as their policy. But, they took advantage of the deteriorated political situation of India to establish their political supremacy. The Merchants of England who aspired to have trade with the East Countries, founded The East India Company in 1600 CE. They established trade links with India with the permission of Queen Elizabeth.