Question

Briefly explain the account of entrepreneur activities of dwarkanath tagore

Answer 1

agore was a western-educated Bengali Brahmin and an acknowledged civic leader of Kolkata who played a pioneering role in setting up a string of commercial ventures—banking, insurance and shipping companies— in partnership with British traders. In 1828, he became the first Indian bank director. In 1829, he founded Union Bank in Calcutta. He helped found the first[1] Anglo-Indian Managing Agency (industrial organizations that ran jute mills, coal mines, tea plantations, etc.,[6]) Carr, Tagore and Company. Even earlier, Rustomjee Cowasjee, a Parsi in Calcutta, had formed an inter-racial firm but in the early 19th century, Parsis were classified as a Near Eastern community as opposed to South Asian. Tagore's company managed huge zamindari estates spread across today's West Bengal and Odisha states in India, and in Bangladesh, besides holding large stakes in new enterprises that were tapping the rich coal seams of Bengal, running tug services between Calcutta and the mouth of the river Hooghly and transplanting Chinese tea crop to the plains of Upper Assam. Carr, Tagore and Company was one of those Indian private companies engaged in the opium trade with China. Production of opium was in India and it was sold in China. When the Chinese protested, the East India company transferred the opium trade to the proxy of certain selected Indian companies, of which this was one. In 1832 Tagore purchased the first Indian coal mine in Runigunj,[1] which eventually became the Bengal Coal Company. Very large schooners were engaged in shipments. This made Dwarkanath extremely rich, and there are legends about the extent of his wealth.

Answer 2

Answer :-

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Agore was a western-educated Bengali Brahmin and an acknowledged civic leader of Kolkata who played a pioneering role in setting up a string of commercial ventures—banking, insurance and shipping companies— in partnership with British traders. In 1828, he became the first Indian bank director. In 1829, he founded Union Bank in Calcutta. He helped found the first[1] Anglo-Indian Managing Agency (industrial organizations that ran jute mills, coal mines, tea plantations, etc.,[6]) Carr, Tagore and Company. Even earlier, Rustomjee Cowasjee, a Parsi in Calcutta, had formed an inter-racial firm but in the early 19th century, Parsis were classified as a Near Eastern community as opposed to South Asian. Tagore's company managed huge zamindari estates spread across today's West Bengal and Odisha states in India, and in Bangladesh, besides holding large stakes in new enterprises that were tapping the rich coal seams of Bengal, running tug services between Calcutta and the mouth of the river Hooghly and transplanting Chinese tea crop to the plains of Upper Assam. Carr, Tagore and Company was one of those Indian private companies engaged in the opium trade with China. Production of opium was in India and it was sold in China. When the Chinese protested, the East India company transferred the opium trade to the proxy of certain selected Indian companies, of which this was one. In 1832 Tagore purchased the first Indian coal mine in Runigunj,[1] which eventually became the Bengal Coal Company. Very large schooners were engaged in shipments. This made Dwarkanath extremely rich, and there are legends about the extent of his wealth.



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